Can't a trader just use Choice trade trading platform as a stand alone by itself? It has to integrate with e-signal or Medved? Not that there is somethin wrong with Medved - it's FREE . But what if we have our own charting software and just want to use choice trade as a stand alone trading platform to execute orders? Does CHOICE trade give us a CHOICE? Doesn't say so on their website. Hmmmmm. Would like to know because $5.00 equity trades sounds competitive.
I don't get it why a broker would charge a software fee to begin with. Makes no sense to me. As long as we are their customers, they get our 25K minimum to invest for themselves. Alot of us use their smart route's, so they make money off that also. I would rather have banner ad supported software then have a monthly fee. Like Medved offers.
Per the request of two of the posters, I've deleted the posts that started the heated exchanges and attacks. I've also tried to clear the posts that didn't make sense without the originals. If you feel that I've deleted a reasonable and constructive point that you were making in the process, please feel free to repost--without antagonizing or getting personal.
By any chance are traderbob2112 and keithjones one and the same? They read very similiar in posts. Just curious, they seem to both complain a lot, about a lot. Not a problem to me and my other 52 id's just find the similiar posts interesting.
CyberTrader SMART (dumb) routing: 18 cents slippage on stop to cover 100 RIMM! Please have a look at my new thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=46475
This thread is almost exactly 1 year old but the this topic is exactly what I'm interested in. ONE YEAR LATER............................... Since this thread started IB lowered their commissions from .01/share to .005/share (.001 less than CT). Other than the per/share pricing, are there any pros/cons NOW in the IB vs. CT comparison? I like the CT platform and had good success with it but they don't offer "margin IRA's" like IB now does (http://www.elitetrader.com/vb/showthread.php?s=&threadid=64984&perpage=6&pagenumber=1)
Routing specific to what you trade and how you trade it is all that matters. I trade 100% NYSE Limit Orders in low volume stocks... < 100,000 shares/day. Initially, I was very worried when forced by the 5 minute NYSE Limit Order Book charges to use IB Smart routing. But Smart has performed extremely well for 9 months and about 25,000 trades. The execution quality is the same as direct to NYSE routing... but I make maybe 10% fewer trades because of the shuffle between NYSE and ECNs which helps the NYSE Specialist play games with me and steal my money. About 95% of my trades end up executed on the NYSE... and about 5% on various ECNs. Can't complain. And IB never stands still. Look at the major positive changes in last 3 months. They do respond to serious requests... but ignore constant whining from the 1 trade/day crowd. rm+
gotta agree with redman............i trade 10-20 positions simultaneously and i canNOT complain about slow or bad fills......but then again ,,,,,,,,do not believe what i say...........find out the truth for yourselves..........
I've just signed up for an account with IB and I'm using the TWS "Live" Demo...when I choose "smart" for trades, it shows only (ISLAND and ARCA and for New York stocks , it shows NYSE as well). Does this mean that IB will only get the best price from one of these 3 locations? What about other ECN's, etc.?