IB increases Over night Initial margin for ES

Discussion in 'Interactive Brokers' started by cutetrader, Feb 2, 2017.

  1. Zzzz1

    Zzzz1

    Fair and that is what I mentioned in my post right before. Some may only trade ES futures , for them IB's platform is overkill. And I mentioned now multiple times that spreads ought to find their happiness elsewhere. IB does not want their business. It is pretty obvious.

     
    #41     Feb 3, 2017
  2. Overnight

    Overnight

    Ok, ok. Yikes. You find that IB fits your needs to a tee. Accepted. Move on now. :)
     
    #42     Feb 3, 2017
  3. Zzzz1

    Zzzz1

    I do not need to move on, I stay right where I am as I am a happy customer. Those who do not like IB need to stay and deal with IB and its quirks and issues, or shut up and leave.

    But may I politely inquire for a more sensible response of yours? I invested the time to find logical arguments to reject CQG, I dug up pricing data. Would you give me the courtesy to argue why you still think CQG is such a great service on the data side? How do you justify their outrageous cost?

    P.S. They are not even a full fledged brokerage and actually never competed with IB directly


     
    #43     Feb 3, 2017
  4. Overnight

    Overnight

    By "move on", I meant to let that part of the thread die, it has been beaten to death, like that horse from the band "America". I did not mean that you should move on from your preferred broker.

    I do not know what you are doing that is outrageous in cost with them. I pay $.20 per contract round-trip with them.

    They are my data-feed. If they have a brokerage business, I did not know it. Don't care, either. Their data-feed is quick, easy and lightning fast. I'll pay $.20 RT for that. What is outrageous about that pricing?
     
    Last edited: Feb 3, 2017
    #44     Feb 3, 2017
    Chubbly likes this.
  5. Zzzz1

    Zzzz1

    I am confused. You say you pay per contract but then in the same sentence admit they are not a broker. One has to give. You mean you use an FCM and they provide access to CQGs data feed? How many contracts and which data do you get access to on cqg? And which contract you trade costs 0.2 dollars to execute? Would love to know so I can move my account ASAP.

     
    #45     Feb 3, 2017
  6. algofy

    algofy

    The .2 is just the cqg routing fees. He then would have exchange fees and broker commission on top of that.
     
    #46     Feb 3, 2017
    Overnight likes this.
  7. Zzzz1

    Zzzz1

    So what is the total, all in cost to execute 1 contract. Which contract specifically?

     
    #47     Feb 3, 2017
  8. Overnight

    Overnight

    My broker facilitates my trades. CQG is my data-feed provided through my broker. I pay a fee to CQG through my broker for $.20 per RT, for said data-feed. My trading platform combines them together into this neat little thing called "trading". I do not know how it all would work when combined with whatever it is you are doing, and I am certainly not going to explain it to you if you have not done your own homework on this issue.

    I do not mean to be confrontational with you, but you are being a bit antagonistic here. You seem venomously-protective of IB, and that is your prerogative. To answer your last question, my total fees are generally ~$4.20 per contract RT. The biggest bit in that is the CME exchange fee. CQG cost is the least of my worries in this bit. You dig?
     
    #48     Feb 3, 2017
  9. algofy

    algofy

    #49     Feb 3, 2017
  10. Zzzz1

    Zzzz1

    that is not any cheaper than the absolute lowest tier with IB or other comparable brokers. Secondly, you did not answer which markets you get data access to with your CGQ service and current broker? Limited to US futures is what I reckon. Please correct me if wrong. Or can you pay a few dollars for real time data access and see N225 and Topix futures on CQG? or lets say Aussie index futures, Hangseng or Kospi? I doubt it.

     
    #50     Feb 3, 2017