who can beat IB for US stocks daytrading?

[RosyScenario]

Adjusted Net Capital is the FCMs capital base not customer seg funds. It is what they have on hand if their clients were to drop below $0.00 and to place on deposit at the exchanges to cover their responsibility of the exchange FCM margin requirement which is 8% of your margin requirement overnight.

I see. Thank you. You provide a lot of good information here on this site. THEY should pay YOU.

Regards, RS

 

[SteveM]

Can you please define "dynamic trading platform".

I would consider Thinkorswim's platform to be dynamic. I cannot say the same for IB's.

 

[Robert Morse]

Not an example but define dynamic. What does it do for your that you need.

 

[blueraincap]

blue,

If you were to qualify for a PMA with us and fund with $175K or more, we offer a choice of software with both DMA and SMART routing for both equities and options. Our SMART routed option orders avoid maker/taker fees for all but cash settled index options on LS Trader, Sterling Trader Pro, Realtick and Silexx. Our equity SMART routes can reduce fees for those that take liquidity and are very good at finding liquidity. For hedge funds we offer Nirvana Reporting. We have a professional well trained support staff that answers the phone when you call and response to emails ASAP. We can offer accounts to both foreign and domestic traders. We offer access to only US listed Exchanges. Our cost structure is very low. For equites we start at $0.0045/share or $4.50/Trade, and Option start at $0.60/option including the OCC fee of $0.05.

And, you get me as your salesperson. My wife says I'm awesome.

Bob

Besides the last point, I don't see how they are better than what IB offers (on its free platform /api).

 

[Robert Morse]

Besides the last point, I don't see how they are better than what IB offers (on its free platform /api).

You are happy at IB, I get it. Then stay. More than 50% of my current clients moved from IB. I guess they were not as happy as you. The common complaint from IB clients are customer support/communication/TWS/Auto liquidation/risk fee. And, in many cases, my rates are lower.

 

[cruisecontrol]

Besides the last point, I don't see how they are better than what IB offers (on its free platform /api).

True DMA could be very important for certain types of HFT-like strategies. With IB, direct routing (through the API) is heavily disincentivized with extra fees. I've not ever traded such strategies, just theorized about them.

Another thing to consider here is IB's margin interest rates are much better (than anyone else I've seen). If you use leverage overnight this can be a big cost.

 

[blueraincap]

Another thing to consider here is IB's margin interest rates are much better (than anyone else I've seen). If you use leverage overnight this can be a big cost.

You think IB margin rates are higher or lower?

 

[cruisecontrol]

You think IB margin rates are higher or lower?

lower. (lower=cheaper=better): https://www.interactivebrokers.com/en/index.php?f=1595

I believe no one even comes close. Please prove me wrong on that, if you can

 

[snilson]

something here http://www.hedgetradingsystem.com/p/brokers.html

 

[Proptrader23]

I need access to $2mn in daytrading stocks which IB can provide.
I need solid Java API, which IB provides.
I need low low commission, which IB can kinda offer
I need a reputable firm to trust my capital, which I am comfortable with IB

Why would I wanna change firm?

Prop firms are more personalized compared to retail brokerage firms. You want to have a good relationship with your risk manager for when the market is chaotic.

I can't even count all the times I got fucked over in my retail accounts because of system outages. Since I joined a prop firm my platform hasn't been down once.

Commission rates are lower at my firm compared to IB and deals are negotiable. $100k at my firm could get you $3M in BP.