Brokerage/platforms terrible in Oz

[professor_frink]

Hi Seaking, you've got my attention...very curious on how you set up your feed to AB?

Cheers,

Under the help menu in ami.

Or here-

http://www.amibroker.com/ib.html

 

[Seaking]

Hi Seaking, you've got my attention...very curious on how you set up your feed to AB?

Hi Can

The help file that the professer gave has evrything you need to set it up. Very simple procedure and as I only have the major indices I trade using the IB feed, the individual backfill is not an issue.

 

[Steve-IB]

CanOz,
TWS is probably second to none when it comes to the technology for order entry - a great tool for scalpers and traders with almost every order type you can think of. Charting however is quite limited and while it has improved greatly over the last couple of years, improvements tend to be pushed to the back of the queue behind actual order managment, trade execution improvements and new products.
However, one major advantage with TWS is that it is essentially an Open source API, which means, that tens, if not hundreds, of third-party companies have interfaced to us. This means that you can connect almost any charting or order entry platform to TWS. Some providers have done all the work themselves and offer it in their own package. For those that haven't done the work, there is usually a company that has developed a tool to connect it to IB - some are free, some cost $$$$'s. If you go to our website, under Software >> Partner Programs >> Commercial and Freelance tools there are lists of some of them.

 

[Seaking]

Steve
Is there a way to reference the open price using order tickets, I can't seem to find anything. If not, do you know of any of the afore mentioned third party systems that may do so.

A typical order for me would be if the open is less or greater than a specific price, buy or sell at openprice plus or minus a specific amount

 

[CanOz]

Thanks everyone for thier replys, Steve, Seaking, and Prof...I will try this ASAP....

This is why i love this forum!

Cheers,

 

[oldpos]

Perhaps someone familiar with TWS can assist me.
When I buy ‘at Market’, how do I then see the actual purchase across the range including the cost of brokerage. I purchased yesterday and have been unable to find this information. At the start of trading today, under Account management\Activity Statements statements are only available up until 2 days ago.

Also am I able to set reports received in AUS time. When I daytrade, my statements show that I have bought and sold on different days (often just prior and after midnight) as presumably USA times are being shown.

Thanks in advance.

 

[juw177]

Oldpos, look in the "executions" screen

 

[sails]

Hi Steve, just wondering if Aus option combos are available yet as I get the error message of "not available or not available for this account". If not, do you have any idea when they might be available?

If they are available, do I need apply for further permissions?

 

[Steve-IB]

Hi Steve, just wondering if Aus option combos are available yet as I get the error message of "not available or not available for this account". If not, do you have any idea when they might be available?

If they are available, do I need apply for further permissions?

Not available yet. Will be available anyday. We're testing at the moment - as you can see you can list the combo's on TWS, and you can see the "implied quote". However, you currently can't see the actual quote if one exists, nor send an order.

 

[sails]

Not available yet. Will be available anyday. We're testing at the moment - as you can see you can list the combo's on TWS, and you can see the "implied quote". However, you currently can't see the actual quote if one exists, nor send an order.

Thanks Steve. I am not finding the list of combos or the implied quote you mention, so not sure if I am doing something wrong.

I have explored the combo button on the tool bar, also spread trader, option trader (option spreads is greyed out) and also right clicked on the BHP code to choose ASX combos, but no luck. Below is the message I got when entering the code BHP and choosing "combo". This same message comes up in spread trader, etc. And yet have no problem with BHP stock or options as you will see from the screen shot.

 

[Steve-IB]

Thanks Steve. I am not finding the list of combos or the implied quote you mention, so not sure if I am doing something wrong.

I have explored the combo button on the tool bar, also spread trader, option trader (option spreads is greyed out) and also right clicked on the BHP code to choose ASX combos, but no luck. Below is the message I got when entering the code BHP and choosing "combo". This same message comes up in spread trader, etc. And yet have no problem with BHP stock or options as you will see from the screen shot.

As it's not fully functional our programmers may have disabled it from the public. But on my TWS, the only way to get it is on the standard screen, input BHP <Enter> then select Combo.

We'll have it ready soon.

 

[sails]

As it's not fully functional our programmers may have disabled it from the public. But on my TWS, the only way to get it is on the standard screen, input BHP <Enter> then select Combo.

We'll have it ready soon.

Thanks for the reply, Steve. No worries - I'll continue trying next week from the standard screen. Appreciate the effort to make this available

 

[nikkothescorpio]

Steve or whoever,

What would be great would be a clearly laid out set of instructions on how to get an account with IB up and running. With details for where to send the forms/ID copies etc and best way/protocol for transferring funds etc.

I am keen to do it myself but this thread is a bit of a dogs breakfast......even after reading the whole thing much is far from clear.

So it would be a great help if these details could be clearly laid out and links placed etc.

Cheers, Nikko

 

[nikkothescorpio]

I've just completed my application form - gee kinda robust!

Just wondering:

1) How do you go about transferring Chess holdings over to your IB account?

2) If you wanted to transfer cash into your IB account what is the safest & most logical way to do this? Ideally without getting hit by fees etc.

Thanks, Nikko

 

[nikkothescorpio]

BUMP....

Anyone? Steve?

I'd love to move these holdings over to IB and have a good amount of funds to deposit but some guidance would be great.

Thanks NIkko

 

[sails]

BUMP....

Anyone? Steve?

I'd love to move these holdings over to IB and have a good amount of funds to deposit but some guidance would be great.

Thanks NIkko

It's all in the IB application, Nikko. Going from memory, I think it's in the same section as transferring funds.

However, on occasions it appears that the jilted broker is not necessarily too keen to transfer the holdings and can delay the process enough to cause some headaches. So if transferring, would be wise to make sure that your holdings are actually with the new broker and that they no longer exist with the out-going broker before attempting to trade any of those holdings.

You also asked about transferring funds. I did a wire transfer; others have done internet transfers. As far as fees are concerned, the banks vary considerably with their charges and some are free. Best to check with your bank. The important thing is to make sure you have the IB required ID clearly marked when transferring the funds.

The above info is all in this thread and probably explains the lack of response to your questions. Yes, it's a bit of a dog's breakfast - but perhaps take notes of the relevant info as you go through it. I did that, but I didn't keep the info once the account was approved.

 

[Spar]

Has anyone successfully logged on using SSL?

I have tried many times, and it keeps attempting numerous times, but never connects.

I don't really want to send this sort of data unsecured. Any tips on how to get SSL working?

 

[yonnie]

hi Steve,

more than 50% of my trades still go through my old broker because of the volume limit of 500,000 shares.
wouldnt mind getting it up to 5 mil or higher or have no limit at all.

you said before that the volume limit would be raised.

could you tell me the new volume limit and when that would be implemented?

thanks for your help.

 

[Temjin]

IB: Account fees are a minimum monthly fee per month. If you generate more than $10 in commission in the month then you will not be charged this fee
"Market Data" (what exactly constitutes this? anybody know, basic financial info for each company? ASX annoucements? or is this more in depth)
Australian Stock Exchange Australia AUD 37.50 (nonpro) AUD 49.50 (pro)

Steve, got a quick question for you.

Is subscription to market data compulsory? How does it affect the trading permission?

For example, I want to open an account in AUD as base currency. I have no need for any real time market data through IB to trade as I have my own charting program with the required data. Can I still trade through the web interface?

Do this AUD base currency account have access to ALL international stocks/futures/FX market and not limited to the Australian stock market only? My understanding of the trade permission on the IB website tell me otherwise, but I would like to get a confirmation from you.

I just do not want to pay for the "Market Data" fee since I have no real need of it. (or rather, I have my own)

Thanks.

 

[Trembling Hand]

Steve, got a quick question for you.

Is subscription to market data compulsory? How does it affect the trading permission?

For example, I want to open an account in AUD as base currency. I have no need for any real time market data through IB to trade as I have my own charting program with the required data. Can I still trade through the web interface?

Do this AUD base currency account have access to ALL international stocks/futures/FX market and not limited to the Australian stock market only? My understanding of the trade permission on the IB website tell me otherwise, but I would like to get a confirmation from you.

I just do not want to pay for the "Market Data" fee since I have no real need of it. (or rather, I have my own)

Thanks.

You do not need to subscribe to the data to trade the particular market. They are two different things.
1. Permission to trade that market which can be in any base currency,
and/or
2. the ability to subscribe to market data.

I will say that the data from IB is probably as cheap as you will find it from any broker or data provider. To get ASX\SFE data from Bourse for example it will cost $220 per month from IB the cost is $40.