I'm getting way too much mail in the form of company quarterly statements, prospectuses and other shareholder stuff. I've had to make a few trips to the post office just to pick up this junk. All names that I've traded through IB. Is there any way NOT to get this crap in the mail? It would save some fuel and trees as well. Thanks!
How about enabling full ECN functionality? IB's the only direct access firm not to have this feature, yet everybody I talk to refuses to even recognize its a problem.
Agreed. An example: Many ECNs provide advanced native order types which dynamically peg one's order to an offset added or subtracted to the bid, ask, midpoint, etc. Seems that this would be an extremely valuable functionality, which is missing from IB, except for orders direct-routed to BRUT. I have no idea why this type of order is so severely limited at IB. This example is only the beginning of the ECN functionality left untapped by IB.
How long do you hold your stocks? I haven't gotten anything in the mail at all. I don't hold overnight. I do get those prospectus from my other broker.
Quote from jimrockford: I have no idea why this type of order is so severely limited at IB. It may not be possible to isolate some/all of the advanced order types from the route-away functionality, and they don't want to incur the additional charges for routing away (understandably). It would be good if they revisited this to see which order types they could implement. I think ARCA, in particular, may allow using some of these with PNP. One benefit, of course, would be the reduction of load on the IB servers for some of the "follow the market"-type orders that are currently simulated. Of course, with the unbundled plan, they should be able to allow whatever the user wants and pass through the costs.
Offering all order types that the ECNs offer is not entirely practical for the following reasons: - only a fraction of users show interest in them - the ECNs and exchanges are (at least nowadays) in the process of merging; when such merges are completed, a previously existing ECN functionality goes either partially or entirely away - the upcoming RegNMS will bring changes to the marketplace; its rules may deem the functionality of some order types limited or even unusable We believe our strength is the SmartRouting feature we offer. That is where our focus has been and is likely to remain. If you believe that there is an ECN order type the functionality of which you'd like to have, please let us know which one it is and why you believe it is important for you to have it. We will then carefully consider its implementation within the SmartRouting - which would leverage the order-type's strength across the available exchange/ecn platforms.
I daytrade mostly but do hold some positions for as long as a month. I know they get the address through IB because I have a mailbox setup just for the IB account and nothing else. Just want to reduce the trips to pick up junk mail.
I think your info gets released to whoever handles proxy mailings (ADP?) if you hold shares into the ex-date for the share voting rights. I seem to recall seeing, in other brokerages' account applications, a box that one could check to prevent revealing one's information to issuers. Perhaps IB could implement the same thing. Not sure what happens to the voting rights for those shares.
Tools->SetAlarm suggestions: 1. Make the comparisons >= and <= instead of > and <. It's more intuitive to spec the price that you want to be alerted at instead of a tick above or below. 2. Have a "set percentage" feature to quickly set the trigger values around a price. Add to the "set alarm" dialog a spinner in 0.1% increments and radio buttons to select midpoint or last trade as the basis. Example: 0.5% based on last trade of 50.00 would fill in the following fields when you click the Set button: Bid >= 50.25 Ask <= 49.75 Last <= 49.75 or >= 50.25
I would love to see Totalview data and would be overjoyed if its available through the API. http://www.nasdaqtrader.com/asp/tv_description.asp