IB Data Feed Problems?

Smooth all day>WA.

 

Might want to ck your TWS tickers. All my stock tickers "reset" to
the closing prices on last friday. Futures seem ok.

... rj

 

OOOps! Reset again. Now to todays close.

 

After all of the data feed problems earlier this week I started to seriously seek out either a replacement or alternate broker.

Here is my IB replacement for trading commodities. They provide electronic and pit trading via direct access platform. Direct feeds to the exchanges. Very responsive and accessible technical support. Solid back end infrastructure and an increasing level of 3rd party software support. Competitive commissions and $500 margins for key contracts.

www.openecry.com

 

Do you know how their rate for about 1000 roundturns? could not find any information on their site.

 

And what is their commission schedule?

 

Their commissions are negotiable. Here is an extract from the web site

At Open E Cry we strive to offer our clients competitive rates as well as the highest level of customer service. Please complete the commission questionnaire below so that we can quote you a rate best suited for your account size and activity.

So once they give you a quote based on your estimate (I'd estimate high), go back to them with a more realistic estimate and then negotiate. This is an auction business after all.

I'd also consider that the rate you get is "your" rate. Unlike IB, Open E Cry, can change your rates at their whim and you don't have a clue what they are doing to other customers.

Jack

 

Yes, they (openEcry) don't seem very big on full disclosure.

 

They will easily match or beat IB rates. If you do any volume at all it gets much better. Frankly, I prefer the negotiated rates versus a published schedule for everyone with no exceptions. Try to negotiate a rate with IB.

The principals of the firm are very accessible and personable. I was very pleased with the service and my rate schedule.

The topic of this thread was "IB data feed" problems, not best commission schedule. I contacted OEC due to this issue. What I discovered is that they are a viable firm with alot of advantages. OEC has a superior infrastructure, electronic and pit access, excellent customer support, $500 contract margins and a better commission schedule. Is there anything else?

Just send them an email or call.

 

Topic of thread was "IB data feed problems" yeah? So then why did you post about EOC? And then get somewhat indignant when others are considering them by asking about commissions?

What proof is their that EOC's data feed is better then IB's? We're assuming they might be as good or at least good enough to be a back-up broker. And if a back-up broker, what could we be expected to pay to place orders?

We wouldn't use Fidelity as a back up broker considering that their commissions are higher then IB's.