IB and Market Data Question

Discussion in 'Data Sets and Feeds' started by matador04, Jan 15, 2008.

  1. So If I want to trade options, am I suppose to pay $20 per month to get quotes?

    I just switched firms...and I'm having a heck of a time assimilating:p
  2. Bob111


  3. JackR


    Quotes are free so long as your produce $30 in commissions each month.

    So at $0.70 per contract you have to do about 43 contracts per month for free quotes. If you only do single lots @$1.00 per contract then you need do only 30 contracts.

    Exchange fees do not count in the calculations so I've not included them.

    From the IB web site:
    US Securities & Commodities
    Non-Professional Bundle (Includes all Stock, Options, Futures and Bond markets) United States Free (USD 10.00 market data fee if less than USD 30.00 in commissions per month)

  4. That's the thing...I work for a broker/dealer and am a pro by definition. In practice, not so much.

    I don't pass here:

    Natural person[...]who is not:

    "(b) engaged as an "investment advisor" as that term is defined in Section 201(11) of the Investment Advisor's Act of 1940 (whether or not registered or qualified under that Act), nor..."