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)




"You have an excellent feed. Very few spikes for Spot Forex." - Comment from Public Forum Post
"Thanks for all of your help. Great customer service deserves to be recognized which one the reasons I've been a customer of DTN for over 10 years!" - Comment from Stuart
"Everything is working amazing now. I'm already impressed with the true-tick feed of IQFeed and it's ability to support my 480 symbol layout." - Comment from Tyler via Email
"IQ feed works very well, does not have all of the normal interruptions I have grown used to on *******" - Comment from Mark
"DTN has never given me problems. It is incredibly stable. In fact I've occasionally lost the data feed from Interactive Brokers, but still been able to trade because I'm getting good data from DTN." - Comment from Leighton
"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
"I am very happy I changed. I love the product, but more so I am thrilled with Tech Support. You are knowledgeable, polite, pleasant and professional." - Comment from Pat
"I am enjoying the feed very much - so superior to the broker provided feed I was previously using." - Comment from George
"You are either overstaffed or people just don't have problems with your feed because customer support always answers the phone quickly." - Comment from Jay via Email
"With HUGE volume on AAPL and RIMM for 2 days, everyone in a trading room was whining about freezes, crashes and lag with *******, RealTick, TS and Cyber. InvestorRT with IQFeed was rock solid. I mean SOLID!" - Comment from Public IRC Chat
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: Tue October 26, 2021 4:54 PM CFBB v1.2.0 16 ms.
© AderSoftware 2002-2003