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've been using Neoticker RT with IQFeed for two months, and I'm very happy with both of the products (I've had IQFeed for two years with very few complaints). The service from both companies is exceptional." - Comment from Public Forum
"I had always used ******* but for the past 2 weeks have been trying DTN IQFeed. Customer support has been extraordinary. They call just to make sure your problem hasn't recurred." - Comment from Public Forum
"I ran your IQFeed DDE vs. my broker vs. a level II window for some slow-moving options. I would see the level II quote change, then your feed update instantaneously. My broker's DDE, however, would take as much as 30 seconds to update. I am not chasing milliseconds, but half a minute is unacceptable." - Comment from Rob
"I cannot believe what a difference it makes trading with ProphetX!" - Comment from Bruce in Los Angeles
"Everything is working great ! Very impressive client. The news refreshes better and is more pertinent than the ******* feed I paid $ 100/month for. I Also like the charts a lot." - Comment from Leon
"This beats the pants off CQG, I am definitely switching to the ProphetX 3.0!" - Comment from Stephen
"And by the way, have to say this. I love the IQFeed software. It's rock solid and it has a really nice API." - Comment from Thomas via RT Chat
"I started a trial a few weeks back before the market went wild. DTN.IQ didn’t miss anything and beat my other provider. I decided to stay with you because of the great service through all the volatility." - Comment from Mike
"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.
"I noticed that ******* quotes locked up shortly after the interest rate announcement yesterday while yours stayed stable." - Comment from Ron in Utah
Home  Search  Register  Login  Blogs Recent Posts

Information on DTN's Industries:
DTN Oil & Gas | DTN Trading | DTN Agriculture | DTN Weather
Follow DTN_IQFeed 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? (3 messages, Page 1 of 1)

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


Posted: May 22, 2005 09:38 AM          Msg. 1 of 3
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 3
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 3
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.
 

 

Time: Thu September 20, 2018 7:47 AM CFBB v1.2.0 16 ms.
© AderSoftware 2002-2003