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blowingup2012
 

Registered: Mar 2012
Posts: 251

 

04-20-12 07:41 PM

Looks like another day for the IBKR stock and looks like it aint up.

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GTG
 

Registered: Mar 2005
Posts: 305

 

04-20-12 10:49 PM

Is this because of the announcment that Peterfly is going to slowly retire?

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Hurricane
 

Registered: Jan 2003
Posts: 766

 

04-21-12 12:28 AM

From a WSJ report:

Interactive Brokers reported a 21.5% decline in first-quarter profits Thursday, earning $13.7 million, or 30 cents per share, versus $17.5 million, or 41 cents per share, over the same period last year.

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lwlee
 

Registered: Dec 1999
Posts: 1103

 

04-21-12 12:33 AM

Uh, you just figuring this out?

I held that dog for 2 years because I bought what I believed in. Still believe in how great IB's technology is, but the stock is a dog.

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bwolinsky
 

Registered: Jul 2008
Posts: 4560

 

04-21-12 02:56 AM


Quote from lwlee:

Uh, you just figuring this out?

I held that dog for 2 years because I bought what I believed in. Still believe in how great IB's technology is, but the stock is a dog.



You know it's a sign that you haven't done your due diligence if you think IB has any great technology...or ever did.

TWS sucks. Their only technology is jack of all trades master of none. There is no technological advantage in trading at IB. None, because their platform's terrible. I find it useful as a professional for account allocations but it's entirely too confusing, and the smart router will send you to 24/6 ECN's and not the primary exchange, which is what they're supposed to do anyway if NBBO isn't at the exchange then they're required to stick it somewhere else.

No, there isn't any great technology here. They just offer a wide variety of securities types, but the platform's terrible, which, if it weren't for the platform sucking as much as it does I might give my vote a better rating for them. Other than fills on time that much is to be expected, and just because they offer all types of securities and commodities, bonds, forex, stocks, options does not mean that they have any technological advantages because they don't.

I especially dislike them as a broker requiring clients to pay for data. That shows they aren't very big.

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stock777
 

Registered: Jul 2001
Posts: 15417

 

04-21-12 03:22 AM

I don't know, I'd rate the previous poster as an ignorant slob. How about you?

Maybe one reason IB is not minting money from the brokerage side, is they actually do provide value to clients, and don't seek to enrich themselves at every opportunity.

Just sayin.

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