IB provided false market data, can I claim compensation?

Discussion in 'Interactive Brokers' started by Randalli, Dec 20, 2023.

  1. zdreg

    zdreg

    You are on a US website. Avoid confusion.
     
    #11     Dec 21, 2023
  2. Bad_Badness

    Bad_Badness

    Put a ticket in to break a trade. See what happens. There is a clear procedure in place. Use it.
     
    #12     Dec 21, 2023
    EdgeHunter likes this.
  3. %%
    OK;
    but i think you signed something saying IBKR not really responsible for accurate market data:caution::caution:
     
    #13     Dec 21, 2023
  4. SunTrader

    SunTrader

    SPY 12/15/23 468.44 is the LOD

    I look at pre and post market TradeStation data, not a single trade below this level.
     
    #14     Dec 21, 2023
    murray t turtle likes this.
  5. BAT31

    BAT31

    I am seeing more and more complaints about IBKR market data subscriptions. It might be time to look for a more superior data provider. I'm just saying...
     
    #15     Dec 21, 2023
    EdgeHunter likes this.
  6. rb7

    rb7

    What makes you say that IB was the one in error and the other source the good one?

    And btw, NYSE stop orders are triggered at the exchange, not at the broker level.

    Seems like you are trying to find an excuse for your losses....
     
    #16     Dec 21, 2023
    murray t turtle likes this.
  7. I see the same discrepancy with IBKR vs polygon for the date. SPY had ex-dividend date on Dec 15th, so maybe the prices on one are adjusted for dividends?
     
    Last edited: Dec 21, 2023
    #17     Dec 21, 2023
    murray t turtle likes this.
  8. Randalli

    Randalli

    The market data is the same for all platforms, only IB's is different, you can check it
     
    #18     Dec 21, 2023
  9. Randalli

    Randalli

    Ex-dividend dates are not just IB, but also on the New York Stock Exchange and other platforms, and I don't think that's a reason to give different market data
     
    #19     Dec 21, 2023
  10. TheDawn

    TheDawn

    Don't think so. All brokers including IB has a disclaimer that states that all data and their software are provided on a best-efforts basis and that you use at your own risk. Unless you can prove that they were grossly negligent in providing their data or their software, you won't get any compensation. IB is the company that is the cheapest in providing compensation and refunds in all the companies that I have dealt with so far. It's cheaper than Chinese companies/merchants that I have dealt with on Amazon, just to give you some perspective.
     
    #20     Dec 21, 2023
    murray t turtle and EdgeHunter like this.