IB extra zeros

ISLAND indeed went 4 decimals on all the stocks effective today. As a result, IB now shows 4 decimals as well, even though it makes no sense for stocks priced higher than 1 USD.

We will undo the change for tomorrow. Sorry for the inconvenience.

 

IB -

Thank you!

 

Thanks IBsoft, having to backtrack through those extra zeros to change a limit price REALLY slows the trade down. Makes for mistakes too.

 

I agree it is a pain.

When you create the order by clicking on the displayed mkt bid or mkt ask, move your cursor into the limit price field and do a left click. A price wand will be displayed as a result, which while it displays 4 digits, it has the different prices populated with the correct (i.e. 1 cent) increment.

 

Thanks for the prompt response, ibsoft.

And also thanks very much for the communication you, def and the other IB guys provide to us. Appreciated.

Good trading to all.

C

 

So this was a total surprise to you IB? Just another example of using your users as guinea pigs. You should of had all your programming parked waiting in anticipation for the implementation of the planned island announcement. You react instead of proactively protecting your users with money on the line.

If I were a user I would sincerley ask for any planned changes from IB's vendors that are coming up, that will effect IB's operation, because the software department only reacts and has no idea how to plan and create seamless adjustments for their users.

Now watch folks, they will not test their changes in the simulator first they will throw it at live money, then we will have days of threads with the users who lose their money while testing for IB...

Michael B.

P.S. but who cares...its all in your customer agreements, IB has nothing to lose. But there comes a point of negligence that could be argued...

 

Seconded!!

 

Any chance you can do the same for japanese yen contracts (shifting over the decimal place 2 to the right), to make it in line with all the other currency contracts?

 

Nice to see Im not the only one horrified by the display.

 

ISLAND refined their rule to a more sensible one. It will be 2 decimals for stocks over 2 USD for wednesday 2/23/2006.