IB NYBOT Data Fees

My guess is that what we are really seeing here is hardball negotiating tactics by IB directed at ICE.

Probably they are trying to generate enough ICE subscription cancellations (by quoting a high price publicly to users) that ICE will come around and give them a better deal.

This area, data subscriptions, seems to be an extremely strange one, with some brokers such as Tradestation charging $75 a month for each exchange accessed, including separate levies for each of CME, CBT, NYMEX etc even despite common ownership, while some other brokers, probably best not named, are charging nothing for any subscriptions.

Probably all sorts of brinkmanship and gaming is going on behind the scenes with respect to these quote fee issues, among multiple parties, with some brokers systematically underpaying the fees by using innovative methods of counting users etc. and defying the exchanges to audit them and cut them off.

So probably IB cannot really explain what is going on publicly without hurting its bargaining power.

I would suggest waiting a while to give this time to play out, at least until someone is actually charged more than they expected.

 

I just now printed out my IB 02/10/12 daily statement and I was charged $1.00 for the ICE/NYBOT data for January 2012. I removed my ICE/NYBOT data subscription on 02/06/12 and will now wait and see if IB can achieve a positive solution on the fee waiver before I again add the ICE/NYBOT data.

 

You guys are all a bunch of wimps and are clearly in the wrong game.

Can't you start online poker or something ? I think you can poker online and have fun for $100.

 

go talk to oldtime what we should do in a separate topic

 

Me too just $1 for Jan 2012 (0.63 GBP)

02/10/2012 Intercontinental And New York Board of For Jan 2012 -0.63

 

EXCHANGE:
ICE Futures U.S. (NYBOT) 75 USD

COUNTRIES:
United States

PRICE:
Free


I have this under my market data page.

PRICE free???

 

I talked to customer support
they said it's an error
the price is $75

 

I again signed up for the ICE/NYBOT USA data based on the price listed as "free". Gees, what is going on with IB??? IB is taking something that should be simple and straight forward and turning it into a nightmare. I will again remove the data subscription and give IB more time to sort their arduous problem out.

 

Today IB changed the ICE/NYBOT "Market-Data-Subscriptions" in client accounts from free to show a price of $75.00.

 

The ICE Futures U.S. (NYBOT) market data subscription is $75. We apologize for any confusion.