I incurred many many times the annual commission at Schwab in the early-mid 90s, and received squat from them!! Been with IB 6-8 months trading smaller, and yet they send a book... that, personally.... looks like a worthwhile read! Sitting on my trading desk right now. IB gets all my referrals! Thanks IB brothers....!! Ice
I have two accts with IB, a corporate acct and a personal acct. The corporate acct got a book, my personal acct did not - the corporate acct has a much higher balance. About half the time, either acct falls short of generating minimum commissions in any given month. FWIW, I think this is an outstanding gesture on IB's part. The nature of the book is to help traders better understand the markets since knowledge equates to better profitability - as the note from TP on the inside cover suggests. Even given a substantial discount to the $95 list, IB obviously ordered a bunch to give to customers at considerable expense of their own. This was a complete surprise and an unexpected effort from a broker and further serves to reinforce my belief that IB is very different from any broker I have ever had. Harris is the head of finance at USC's Marshall biz school and currently the chief economist at the SEC. He's also a University of Chicago grad. For some reason, Univ of Chicago grads have a knack for good writing on the markets, econ and finance. I have read several other good books by UoC alum. I'm still not sure of the criteria for distribution of the book, but I'm glad I got one.
Is the book hardcover? I'm interested in buying a copy after you've read it (or if you aren't going to read it). I live in Illinois. Email me at aaron@schindlertradingNOSPAM.com with what you want for it (including shipping) if you are interested in selling.
IB continues to impress me. Good commissions, good platform. Now a book. Frankly, they didn't need to send the book, I was already impressed. But the fact that they did speaks volumes. Excellent outfit. OldTrader
Well, this didn't take too long http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3541686597&category=29301
Outstanding book. Amazing that IB is rewarding people with it. I paid the 90 bucks for it a few months ago and it was worth every penny. If anyone is interested in picking up a copy off ebay from someone from IB that isn't really into market microstructure, check the following link out. What got me intersted in the book a while back was one of his academic papers, several of which contain much of the material that made it into the book. http://www-rcf.usc.edu/~lharris/papers.htm
Blah, any theory on why some people got it and others didn't ? I'd been averaging 6.8 trades per trading day in the past 10 months.