skc
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Question to anyone who use the book trader... For the SPI, can you tell where your order is in the queue?
Interactive Brokers Troubleshooting
- Thread starter rub92me
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ASX Equities PreClose & PreOpen
OK guys,
I've just spoken to IB in HK. Basically, they have admitted that their algo on Pre Open/Close needs to be reviewed and will be changed. Time Frame = not sure.
Basically, if you guys are looking at buying a few equities at the Pre Close, please call their office 30 mins BEFORE market close and ask them to increase the cap substantially. Especially if it's penny stocks related. Once the market is closed, none of the staff can do anything for you so you WILL miss out on a sale. Prepare a list of stocks which are potential movers and ring the trade desk in HK and let them know.
Place the trade immediately after the close 4:00:30 pm with a buy much higher than the market. Actually, you can place many buys at different points. Your order will FLOAT to the top 1 minute per tick which could take 5 or more mins.
At 4:08pm, you should be able to guage where the preauction should settle. Then cancel all except the one you really want.
Thats my solution to this issue so far, the staff on the trade desk are aware of this issue so increase the cap should be no issue. I ring them 3 - 4 times per day to increase the cap. Some stocks could increase by 5% and it's capped by IB so have their number on a cell phone ready.
Good luck, it's quite a simple but pain in the butt process which should be addressed soon.
Paul
OK guys,
I've just spoken to IB in HK. Basically, they have admitted that their algo on Pre Open/Close needs to be reviewed and will be changed. Time Frame = not sure.
Basically, if you guys are looking at buying a few equities at the Pre Close, please call their office 30 mins BEFORE market close and ask them to increase the cap substantially. Especially if it's penny stocks related. Once the market is closed, none of the staff can do anything for you so you WILL miss out on a sale. Prepare a list of stocks which are potential movers and ring the trade desk in HK and let them know.
Place the trade immediately after the close 4:00:30 pm with a buy much higher than the market. Actually, you can place many buys at different points. Your order will FLOAT to the top 1 minute per tick which could take 5 or more mins.
At 4:08pm, you should be able to guage where the preauction should settle. Then cancel all except the one you really want.
Thats my solution to this issue so far, the staff on the trade desk are aware of this issue so increase the cap should be no issue. I ring them 3 - 4 times per day to increase the cap. Some stocks could increase by 5% and it's capped by IB so have their number on a cell phone ready.
Good luck, it's quite a simple but pain in the butt process which should be addressed soon.
Paul
"Wire transfer" vs "BPAY"
Just trying to make a payment into IB. Their Sydney office is now closed. Nice of them.
Anyway,
I have selected "wire transfer". Their BSB No. is ******, and their Account No. at Citibank is *********. Do i just make a transfer via BPAY (my bank account) into BSB ******, and plug in their account no *********? Just need to get this 100% straight as i am about to deposit 15k. In Australia we call it EFT or BPAY, not "wire transfer".
Just trying to make a payment into IB. Their Sydney office is now closed. Nice of them.
Anyway,
I have selected "wire transfer". Their BSB No. is ******, and their Account No. at Citibank is *********. Do i just make a transfer via BPAY (my bank account) into BSB ******, and plug in their account no *********? Just need to get this 100% straight as i am about to deposit 15k. In Australia we call it EFT or BPAY, not "wire transfer".
skc
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Re: "Wire transfer" vs "BPAY"
Bpay is different to wire transfer.
Wire transfer directly transfer mulla between bank accounts. Most online banks have a "Pay anyone" type function which allows you to enter BSB and Account number of the account receiving your money. You may need to increase your daily limit or do it over several batches if you've never done it before.
IB doesn't offer Bpay from what I know. And BSB number is not the Bpay biller code.
Bpay is different to wire transfer.
Wire transfer directly transfer mulla between bank accounts. Most online banks have a "Pay anyone" type function which allows you to enter BSB and Account number of the account receiving your money. You may need to increase your daily limit or do it over several batches if you've never done it before.
IB doesn't offer Bpay from what I know. And BSB number is not the Bpay biller code.
Re: "Wire transfer" vs "BPAY"
Don't go to the bank when transfering money to IB as it will come through as
unidentified funds. Happened to me and happened to others i've heard about as well. The best thing to do is do a pay anyone transfer through online banking and make sure you specify your account number in the description box. If you go into the bank they will leave this out as they have no box for it on their form.
Thanks SKC. Think i'll just go into the bank and sort it out.
Don't go to the bank when transfering money to IB as it will come through as
unidentified funds. Happened to me and happened to others i've heard about as well. The best thing to do is do a pay anyone transfer through online banking and make sure you specify your account number in the description box. If you go into the bank they will leave this out as they have no box for it on their form.
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Re: "Wire transfer" vs "BPAY"
Do it as an EFT from netbank. Put your AC number and Full name as ref.
Works for me.
Do it as an EFT from netbank. Put your AC number and Full name as ref.
Works for me.
I transferred mine via a 'wire transfer' with Macquarie.
When doing a wire transfer via Macquarie there was a form you fill out to authorise it which contained a 'notes' section where you can add your IB account details.
Took about 3 business days to be in my IB account and ready to use.
No hassle doing it this way, just a $35 wire fee.
Would be interested to know if Bpay does work however. Would save me the $35 dollar fee each time and even possibly appear in my IB account quicker.
When doing a wire transfer via Macquarie there was a form you fill out to authorise it which contained a 'notes' section where you can add your IB account details.
Took about 3 business days to be in my IB account and ready to use.
No hassle doing it this way, just a $35 wire fee.
Would be interested to know if Bpay does work however. Would save me the $35 dollar fee each time and even possibly appear in my IB account quicker.
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Pay anyone works,
I use my user name and account number, usually appears same day if initiated early enough.
I use my user name and account number, usually appears same day if initiated early enough.
Hi guys, could someone enlighten me why IB uses the SPI closing price of the previous day's morning session to calculate the change/% instead of today's closing price in the morning session.
What I mean is this, today SPI closed morning session at 3749, so currently, at 3727, the change would be -22, yet IB shows a change of -54, since it's using a closing price of 3781, which happened to be the closing price on Friday past. This doesn't make any sense to me, and it only seems to be for the SPI, Nikkie at SGX is showing a -215, with closing price of 9820, which is correct according to my chart.
Is this just a TWS problem or am I missing something? Thanks for any help
What I mean is this, today SPI closed morning session at 3749, so currently, at 3727, the change would be -22, yet IB shows a change of -54, since it's using a closing price of 3781, which happened to be the closing price on Friday past. This doesn't make any sense to me, and it only seems to be for the SPI, Nikkie at SGX is showing a -215, with closing price of 9820, which is correct according to my chart.
Is this just a TWS problem or am I missing something? Thanks for any help
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Not sure mate but I use IB to pull the date into NinjaTrader. That should give you a better picture...
Ice
Ice
Hi guys, could someone enlighten me why IB uses the SPI closing price of the previous day's morning session to calculate the change/% instead of today's closing price in the morning session.
What I mean is this, today SPI closed morning session at 3749, so currently, at 3727, the change would be -22, yet IB shows a change of -54, since it's using a closing price of 3781, which happened to be the closing price on Friday past. This doesn't make any sense to me, and it only seems to be for the SPI, Nikkie at SGX is showing a -215, with closing price of 9820, which is correct according to my chart.
Is this just a TWS problem or am I missing something? Thanks for any help
white_goodman
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question can you use IB to place trades but not have to pay an exchange fee or software fee? (I am using free EOD software)
ie my only costs are commissions and interest on margins
ie my only costs are commissions and interest on margins
skc
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Yes we can, says Obama. Do it at your own peril though.
white_goodman
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Obama? whats the 'peril' with going that route?
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How did you go with this? Did it work ok putting it in with 5K lots?
You could just go to the bank and get your limit changed and do it in one go.
skc
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From memory the TWS lets you place the order but give you a strong warning about the risks of trading without prices.
Not a real peril, just a message of a peril.