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)




"Its working FABULOUSLY for me!! Holy cow...there has been so much I've been missing lately, and with this feed and Linnsoft software...I'm in the game now." - Comment from Chris R.
"DTN feed was the only feed that consistently matched Bloomberg feed for BID/ASK data verification work these past years......DTN feed is a must for my supply & demand based trading using Cumulative Delta" - Comment from Public Forum Post
"If you want customer service that answers the phone, your best bet is IQFeed. I cannot stop praising them or their technical support. They are always there for you, and they are quick. I have used ****** too but the best value is IQFeed." - Comment from Public Forum
"Boy, probably spent a thousand hours trying to get ******* API to work right. And now two hours to have something running with IQFeed. Hmmm, guess I was pretty stupid to fight rather than switch all this time. And have gotten more customer service from you guys already than total from them… in five years." - Comment from Jim
"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 am enjoying the feed very much - so superior to the broker provided feed I was previously using." - Comment from George
"Awesome response, as usual. It is a sincere and refreshing pleasure to do business with DTN, compared to your competition." - Comment from Ryan
"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
"I have to tell you though that using the IQFeed API is about the easiest and cleanest I have seen for some time." - Comment from Jim
"Very impressed with the quality of your feed - ******* is a real donkey in comparison." - Comment from A.C. 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: Wed February 1, 2023 12:13 AM CFBB v1.2.0 0 ms.
© AderSoftware 2002-2003