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 was on the phone with a friend who uses CQG and right after the Fed announcement, CQG was as much as 30 seconds behind DTN.IQ. Some quotes were off by as much as 15-18 cents. Your feed never missed a beat." - Comment from Roger
"There is no doubt that IQFeed is the best data provider. I am very satisfied with your services. And IQFeed is the only one that I would recommend to my friends. Now, most of them are using your product in China." - Comment from Zhezhe
"Awesome response, as usual. It is a sincere and refreshing pleasure to do business with DTN, compared to your competition." - Comment from Ryan
"I like you guys better than *******...much more stable and a whole lot fewer issues." - Comment from Philip
"Interactive Brokers tick data was inconsistent, so I have switched to using DTN exclusively. It is great to no longer have to worry about my datafeed all day long." - Comment from Philippe
"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've never had DTN go out on me since switching. ******* would go down a couple times every month when I was using them." - Comment from Bryce in AL.
"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'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
"This is an excellent value, the system is generous (allowing for 500 stocks) and stable (and really is tick-by-tick), and the support is fantastic." - Comment from Shirin via Email
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: Sat April 4, 2020 4:29 PM CFBB v1.2.0 32 ms.
© AderSoftware 2002-2003