IB Depth of market?

Discussion in 'Retail Brokers' started by andy4444, Nov 1, 2003.

  1. andy4444

    andy4444

    Hey everyone.

    I'm considering moving to IB and I'm wondering if their trading platform enables you to see Depth of Market?

    Also, if it has a spread-matrix function?

    Thanks for any help

    Andy
     
  2. H2O

    H2O

    Depth of market - Yes (Up to 5 levels) - Free
    Nasdaq Level II - Yes - $20,- month
    NYSE Openbook - Yes - $ 50,- month

    Look for other fees / markets at their website / Fees / Market Data

    Spread Matrix - No (But I know there 're a lot of requests for this so it might be added in the near future)
     
  3. spread matrix?
     
  4. andy4444

    andy4444

    Thanks H2O!! Really appreciate it!

    SethArb, a spreadmatrix is something you use if you are trading intercalendarsperads on for example the Eurodollar future, e.g. buying the March future and selling the June future of the same product.

    The matrix will give you the prices of these spreads directly rather than you having to calculate them from the outright prices.

    Andy
     
  5. H2O

    H2O

    Andy,

    These orders are called spread orders and they are supported by IB !!! (On futures and Options)

    I thought you were looking for intermarket spreads. These will be available soon.