Join the 80,000 other DTN customers who enjoy the fastest, most reliable data available. There is no better value than DTN!

(Move your cursor to this area to pause scrolling)




"I noticed that ******* quotes locked up shortly after the interest rate announcement yesterday while yours stayed stable." - Comment from Ron in Utah
"I would just like to say that IQFeed version 4 is running very well and I am very happy with its performance. I would also like to extend a big thanks for the fast and efficient help that I always receive. My questions and concerns are always addressed promptly. Way to go!" - Comment from Josh in CO.
"The service is great, I see a noticeable improvement in my volume profiles over [broker]'s data feed" - Comment from Larry
"I'm satisfied with IQFeed. It's the most reliable and fastest quote feed I have ever used. Although I'm a resident in China, it's still very fast!" - Comment from Xiaofei
"I've been using IQFeed 4 in a multi-threaded situation for the last week or two on 2600 symbols or so with 100 simultaneous daily charts, and I have had 100% responsiveness." - Comment from Scott
"My broker in Davenport suggested I give you a try as he uses your service and says its the best." - Comment from Bill via RT Chat
"I just wanted to tell you what a fine job you have been doing. While *******, from what I hear, has been down and out, off and on, IQ feed has held like a champ this week." - Comment from Shirin
"I cannot believe what a difference it makes trading with ProphetX!" - Comment from Bruce in Los Angeles
"I like you guys better than *******...much more stable and a whole lot fewer issues." - Comment from Philip
"Just a thank you for the very helpful and prompt assistance and services. You provided me with noticeably superior service in my setup compared to a couple of other options I had looked at." - Comment from John
Home  Search  Register  Login  Recent Posts

Information on DTN's Industries:
DTN Oil & Gas | DTN Trading | DTN Agriculture | DTN Weather
Follow DTNMarkets on Twitter
DTN.IQ/IQFeed on Twitter
DTN News and Analysis on Twitter
»Forums Index »IQFeed Developer »Using IQFeed with Interactive Brokers (IB) »IB fees - Is anyone else better for large transactions?
Author Topic: IB fees - Is anyone else better for large transactions? (4 messages, Page 1 of 1)

dhakme
-DTN Evangelist-
Posts: 150
Joined: Sep 17, 2004


Posted: May 22, 2005 09:38 AM          Msg. 1 of 4
Hi All,

We've been reasonably happy with IB so far and their transaction fees are very competitive and reasonable for "small" transactions. However, our trading system is pretty much up and running now and we were thinking of ramping up and investing more money. However, this means our parcel sizes will get much bigger and the brokerage will go up in an almost linear fashion. Many other brokers offer a different model for fees (fixed price + ECN fees). As we use SMART order routing and wish to continue doing so, I was wondering if anyone can share their experiences with the two models of pricing. Our average share trade is probably going to increase to around 5000+ shares. On IB that's $25+ per trade. We do hundreds of trades per month!

Any opinions?

nsolot
-DTN Guru-
Posts: 273
Joined: Sep 4, 2004


Posted: May 23, 2005 08:23 AM          Msg. 2 of 4
Once you ramp up your volume, you can certainly call them up and try to negotiate a different fee schedule.

The other option is to ask them if they offer a "wrap" type fee schedule, where they charge you a fixed percentage of assets, rather than a per transaction fee.

dhakme
-DTN Evangelist-
Posts: 150
Joined: Sep 17, 2004


Posted: Jul 22, 2005 07:48 AM          Msg. 3 of 4
In case anyone is interested, IB came to the party and offered us a better deal. It's not as good as some other brokers but they pay good interest on our funds which makes up the difference.

one more thing......their support is so much better once they put you into the "pro" category. Fast response to emails, direct telephone numbers, etc.

Lewcifer
-Interested User-
Posts: 33
Joined: Jul 8, 2006

Lew Payne


Posted: Dec 1, 2018 12:07 PM          Msg. 4 of 4

Edited by Lewcifer on Dec 1, 2018 at 12:07 PM
 

 

Time: Wed August 10, 2022 6:39 PM CFBB v1.2.0 16 ms.
© AderSoftware 2002-2003