Judging by how they set up a new offshore company, to (attempt) monetize data and separate it from the IB branding, I would guess it is here to stay.
Yeah...Just irritating the whole marketing at your customers something that doesn't matter to them and worse it worsens/downgrades their experience with your software.
Makes me wonder if this is because Peterffy is retiring and the new people taking over have no clue what the existing customers actually value. I only hope someone at IB realizes how dumb this decision was.
[ IB needs to have this for pro users. No question. smart (pfof) for free, and pay for direct routing. Im not paying them $10 to trade 1000 shares and get the same fill i can get for free.
How do IB's short interest charges compare against other brokers (consider stocks that are not hard to borrow)? I am always short some stock or ETF on something. I know that IB charges what I consider a small amount for short stock interest, but I think they pay interest on the cash collateral received from shorting a stock. It's explained here: https://ibkr.info/article/41 TD doesn't really pay much for cash sweep and I don't know if they pay interest for the cash generated from shorting stock.
I received an email from IB today in which they confirm that GFIS is an affiliated company. The email talks about market data subscriptions, partially quoted below: