Not everything can be simply coded. For example taking on foreign customers, providing market data via api, clearing, etc. IB seems to have some weight and relationships with exchanges and regulators that smaller firms may never have.
why are there no other brokers compete directly with IB?
- Thread starter trend2009
- Start date
You may want to raise a ticket at IB and ask them if they have a solution for you.
The industry is fortunate to have the "one stop shop" of IB for those who want access to "everything". It takes a lot of money, resources, back office, etc. to provide that. Few brokers would be interested in providing the logistics for all that and rather choose a more limited offering of services.
Years ago I was part of an "all service" personal financial brokerage. At some point we decided to eliminate the parts which didn't produce much revenue and became more specialized... doing "more and more of less and less" was better for our bottom line.
Years ago I was part of an "all service" personal financial brokerage. At some point we decided to eliminate the parts which didn't produce much revenue and became more specialized... doing "more and more of less and less" was better for our bottom line.
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You're talking about the data server reset? Those are different for each time zone, you might want to use another server so the reset happens during a time when you're unlikely to have a trade. What are you trading anyway?
I did many times, the answer is always the same, part of daily maintenance.
Which broker do you go to?
Futures is easier unless you want a niche exchange. Everyone supports CME.
- There absolutely are not lots of traders like you, whose needs are not met or exceeded by IB.
- This is the 3rd thread you've started on this topic. People have repeatedly referred you to Lightspeed and @rmorse . Have you spoken with him yet? What requirements is Lightspeed not fitting for you?