IB / Russell 2000

Discussion in 'Index Futures' started by tberwick, Sep 12, 2008.

  1. tberwick

    tberwick

    The new symbol for ER2 on IB is RUT, then select TF. The problem is that you also have to add NYBOT in your trade permissions. IB shows a $1.00 / month fee for this data. I spoke to ICE/NYBOT yesterday and they said that IB is not supposed to charge anything for the data as they provide it to IB without cost. Also, margin requirements are $3750 / contract with $3000 maintenance at all times. No 1/2 margin during normal trading hours.
     
  2. jhucti

    jhucti

    IB has stopped intraday margin for a while. Not just for Russell 2000.
     
  3. Hoi

    Hoi

    I just subscribed to TF in eSignal, and it's for free....so odd indeed why IB is requesting a fee (although small).

    Also a sad thing, from this ER2 move from Globex to NYBOT, is that we only 2 rows of MarketDepth, instead of the 5 rows bid and 5 rows Ask on Globex.... Is this a Bug ?
     
  4. tberwick

    tberwick

    jhucti - you need to check your IB trade panel. Intraday margin returned a few weeks ago for NQ, ES, YM, ER2 (before the transition) and just about everything except for oil futures.
     
  5. Hoi

    Hoi

    That's not correct, ER2 was on normal 1/2 Margin for several weeks already again (same as other major Index-futures).

    Some not-common tickers are still on full-margin, and probably the cause why NYBOT tickers are still not back on normal RTH-margins....I guess IB will change this soon for FT (as it belongs now to the major-group).
     
  6. After talking to IB, IB says that they are not actually charging the $1.00 fee for ICE/NYBOT data. It is one of those odd IB quirks that they list a minimal fee for a data feed, but don't charge the fee.

    The TF DOM is only 2 by 1 or 2 by 2, but the TO DOM is the full 5 by 5. Either IB or ICE/NYBOT has a bug with the TF DOM that needs to be fixed.
     
  7. jhucti

    jhucti

    Thanks. I moved some of my trading to another broker so have not checked IB margin for a while.

    BTW, what is the IB trade panel you mentioned? You mean TWS?