Why is IB's time 5 seconds behind the official time?

[Port1385]

Today is a good example of the importance of time clock syncro. Price was everywhere during the day and the clock being 5 seconds off means the difference between profit and loss for daytraders.

 

[mgookin]

Quote from Port1385:

Today is a good example of the importance of time clock syncro. Price was everywhere during the day and the clock being 5 seconds off means the difference between profit and loss for daytraders.

I disagree. No matter what time your clock says, lag is lag and will be what it is going to be. Change your clock by a year and it does not matter.

 

[Tums]

Quote from Port1385:
Today is a good example of the importance of time clock syncro. Price was everywhere during the day and the clock being 5 seconds off means the difference between profit and loss for daytraders.

<img src="http://elitetrader.com/vb/attachment.php?s=&postid=2116995" width=250>

 

[kiwi_trader]

Can I use that on other ib bashing threads Tums. Its a nice alternative to calling someone a twat or a wanker. Or getting rude with them.

 

[stock777]

I always set my clock 5 seconds AHEAD, so I get to see the quotes early.

Helps a lot.

 

[Tums]

Quote from kiwi_trader:
Can I use that on other ib bashing threads Tums. Its a nice alternative to calling someone a twat or a wanker. Or getting rude with them.

Be my guest. ;-)


I like S777's direct approach though. LOL

 

[FortuneTeller]

Quote from Port1385:

Today is a good example of the importance of time clock syncro. Price was everywhere during the day and the clock being 5 seconds off means the difference between profit and loss for daytraders.

Sorry to hear you lost so much today when most everybody was killing it. You might want to switch brokers since your 5 second phobia is making you trade lousy.

 

[lindq]

Quote from FortuneTeller:

Sorry to hear you lost so much today when most everybody was killing it. You might want to switch brokers since your 5 second phobia is making you trade lousy.

I am seeing huge discrepencies between price quotes on my data service, DTN IQ, and those on IB. Just cost me a fair amount of money on a trade.

Possibly this is due to the lag discussed here.

Anyone else seeing the same? As much as 2-3 points difference on ES. Other futures contracts also way off.

 

[Tums]

Quote from lindq:
I am seeing huge discrepencies between price quotes on my data service, DTN IQ, and those on IB. Just cost me a fair amount of money on a trade.
Possibly this is due to the lag discussed here.
Anyone else seeing the same? As much as 2-3 points difference on ES. Other futures contracts also way off.

Care to post a screen shot?
Who is faster?

 

[lindq]

Quote from Tums:

Care to post a screen shot?
Who is faster?

I determined the problem was mine - my system. Rebooted cable modem, PC, etc., and it helped. But time to upgrade RAM. Too much data coming into my system for 1MB.