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Interactive Brokers Troubleshooting

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Haven't got a SPI trade on today but TWS check margin shows approx $6250 to open which I believe has been the normal.
 
It was 12.5k when I tried to submit an order after the open...

I'm having a couple of problems with my backfills from IB, anyone else getting this:
 

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julius said:
It was 12.5k when I tried to submit an order after the open...

I'm having a couple of problems with my backfills from IB, anyone else getting this:
Click to expand...

No. I'm having no probs like that, but boy I wish it did trade like that :eek:
 
julius said:
It was 12.5k when I tried to submit an order after the open...

I'm having a couple of problems with my backfills from IB, anyone else getting this:
Click to expand...

yeah I had noticed that earlier in the week when I tried to do a backfill. Have had TWS up and running pretty well constantly since, so haven't done a backfill to see if it's been happening regularly or not.
 
Fellow Traders,

I did a search in the forums and IB's website, no luck. Posting here with a hope of getting a quick response.

I recently got my IB a/c approved and went to the bank for wiring some money across. However, the teller wanted to know IB's bank branch name and city. What did you good people provide?

Cheers,
Tradert
 
Tradert said:
Fellow Traders,

I did a search in the forums and IB's website, no luck. Posting here with a hope of getting a quick response.

I recently got my IB a/c approved and went to the bank for wiring some money across. However, the teller wanted to know IB's bank branch name and city. What did you good people provide?

Cheers,
Tradert
Click to expand...

Login to your IB Account Management, complete a Deposit Notification in the currency you wish to deposit, and then the system will provide you with the instructions
 
I did complete a Deposit Notification. However, IB's bank branch and city wasn't part of the instructions.

What am I missing?
 
Tradert said:
I did complete a Deposit Notification. However, IB's bank branch and city wasn't part of the instructions.

What am I missing?
Click to expand...

The same thing happened to me some how I took a wrong turn, its all there once you start the bit about deposit funds, then it goes to transfer to an Oz bank account as Prof says to a Sydney branch.
 
IFocus said:
The same thing happened to me some how I took a wrong turn, its all there once you start the bit about deposit funds, then it goes to transfer to an Oz bank account as Prof says to a Sydney branch.
Click to expand...

Thanks Guys. I created a new deposit notification and we now have a bank branch/city as Sydney.

Cheers
 
Steve, I have a question about buying international stock.
eg, if I buy a stock from the DOW what will happen is:

1. My AUD currency is converted into USD (at what rate?)
2. I get the stock in my portfolio


If I sell the stock then does the USD I get from the proceeds get converted into AUD? If so, at what rate?

Thanks
 
juw177 said:
1. My AUD currency is converted into USD (at what rate?)
Click to expand...

@ current market rate you can get a quote from the FX trader thingo in TWS
juw177 said:
If I sell the stock then does the USD I get from the proceeds get converted into AUD? If so, at what rate?
Click to expand...

You end up with an USD amount equal to any profit or loss. At some stage you have to convert it back to AUD via the the FX trader thingo in TWS by entering an opposite position.
 
Here's something for those who want to check (ASX) stock availability for short selling. This tool might help give us some idea of availability- note the IB disclaimers. (See attached image- checked it Sunday arvo)

Log into your IB account online. Clicking on the tools icon will bring up a list of tools, the short stock tool is at the bottom of that list. If dividends have been declared it appears that IB will deduct dividends plus franking credits from your account prior to ex-div day (ie 'at the time of declaration') when divs are declared (if IB charge us for divs+fc before ex-div day then I assume they'd have to refund it if we closed our position prior to ex-div day):
Notes:

* Domestic holders of Australian Stock receive a tax credit for dividends which provides a tax benefit to Australian resident customers with long positions. As such, Interactive Brokers will charge all customers with short Australian Stock positions 143% of the declared dividend at the time of declaration. In certain cases, IB may be able to borrow stock at more advantageous rates than 143% but rate improvement may or may not be available to short position holders. http://individuals.interactivebroke...php?exch=asx&showcategories=STK&ib_entity=llc
Click to expand...

I'm not sure of short position interest rates, ac/position minimums and stock borrowing charges/rates.

There may not be a way to check stock availability via TWS without logging into your account mgmt page- unless you place the order in TWS and wait for the order line/column to change to the right colour.

Being new to IB I'm still trying to get my head around this so please correct me if I'm wrong.
 

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Shortable Stocks:
Another easy visual way to see whether a stock is shortable, is to add the Shortable Column. Got to Page >> Layout. This column will show bright green if there shares available.
 
Steve-IB said:
Shortable Stocks:
Another easy visual way to see whether a stock is shortable, is to add the Shortable Column. Got to Page >> Layout. This column will show bright green if there shares available.
Click to expand...

Thanks Steve, that looks like a much easier way to do it.

btw, is my understanding of the dividend paying issue correct per my last post? ie IB collects the amount prior to ex-div date if our short position is open after the declaration of the dividend by the co?...and presumably you return that sum to us if the short position is closed out before ex-div date.
 
RichKid said:
Thanks Steve, that looks like a much easier way to do it.

btw, is my understanding of the dividend paying issue correct per my last post? ie IB collects the amount prior to ex-div date if our short position is open after the declaration of the dividend by the co?...and presumably you return that sum to us if the short position is closed out before ex-div date.
Click to expand...

It shouldn't be deducted prior to the ex-div date. If you have examples PM me.
 
Steve-IB said:
It shouldn't be deducted prior to the ex-div date. If you have examples PM me.
Click to expand...

It's the wording that I'm going by as I haven't shorted via IB before, it appeared ambiguous to me. I should have read the statement as follows:

....As such, Interactive Brokers will charge all customers with short Australian Stock positions 143% of the declared dividend..... The charge will be deducted from your account once the stock trades on an ex-dividend basis....
Click to expand...
 
Is anyone having issues with Amibroker and IB today

As soon as I start Amibroker, TWS locks up.

I have tried both my laptop and desktop, both stand alone and web accessed TWS, and also I disconnected the laptop from DSL and used my NextG modem.

Everthing was ok when I used it last night...:confused:
 
Seaking said:
Is anyone having issues with Amibroker and IB today

As soon as I start Amibroker, TWS locks up.

I have tried both my laptop and desktop, both stand alone and web accessed TWS, and also I disconnected the laptop from DSL and used my NextG modem.

Everthing was ok when I used it last night...:confused:
Click to expand...

Yep... Had the same thing all morning.

Just stuck at the time in the bottom right hand corner, I logged on. Can't click on anything. Completely locked up.
 
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