Money Market in IB

Discussion in 'Retail Brokers' started by Retief, Sep 11, 2009.

  1. Retief


    I saw this in an email from IB today:

    How do you get market data for mutual funds in IB? In the TWS, I entered JABX for Janus Balanced and VFINX for the Vanguad 500 Index Fund, but the TWS tells me I have to subscribe to market data. When I go to account managment I don't see an option for subscribing to mutual fund data, just data from various exchanges. I'm already subscribed to the US Securities and Commodities Bundle. I would like to have access to some money market funds so that hopefully I can get some return on excess cash in my IB accounts.
  2. According to iMoneyNet Fidelity Cash Reserves yields 0.31% and Vanguard Prime MMF yields 0.22%. Not much above the 0.00% that IB pays.
  3. Retief


    Better than zero. What's the commission?
  4. kxvid


    These funds work on sweep, I assume?
  5. This is IB, so don't assume anything.