Interactive Brokers

[>Apocalypto<]

Yes

cheers Can

 

[Sharkman]

how effective is IB when it comes to shorting ASX stocks (as in, major ones)?

i've taken on many short positions in the past, but all have been as a result of either exercising puts or getting assigned on calls. today i was looking to sell off the remaining 62.5% of my LEI holding (which has been converted to LEIE). since the Hochtief offer has expired, LEIE is essentially the same as LEI except for the delayed settlement, but the liquidity on LEIE is horrible, i would have had to take out several depth levels to offload my entire holding. so i decided to short LEI instead, since after the delayed settlement date has passed LEIE units will be consolidated back into LEI. i put the order in at about 3.30, and got a message something along the lines of "order frozen, attempting to source stock".

i know the broker has to find a lender of the stock from which to borrow it on the clients behalf, but that order remained unfilled right up until the close and right thru the closing auction. i would have thought LEI is a big enough stock for shorts to be reasonably easily filled. is the current corporate action making it difficult to source stock lenders? or is IB not all that flash when it comes to shorting on the ASX?

 

[pavilion103]

Does anyone know what data to select for

The DAX futures (Is it EUREX - 8.00 EUR?)

The DOW futures (no idea?)

 

[SuperGlue]

Does anyone know what data to select for

The DAX futures (Is it EUREX - 8.00 EUR?)

The DOW futures (no idea?)

I'm using : Eurex Eqty Deriv level 2 deep books - 12.00 Eur

Amibroker code i.e. if you're using it - FDAX JUN 14-DTB-FUT-EUR

 

[Viking]

Interactive Brokers TICK & TRIN

Hi guys

Have a question about Interactive Brokers TICK & TRIN... I have used the NYSE TICK and advanced decline line (from Iq feed) when trading the US markets and I like it a lot. As I live in europe I trade mostly the european markets and learned that Interactive brokers have TICK & TRIN for several of them.

Does anyone of you guys use TICK & TRIN from Interactive Brokers? Is it good quality data feed? Can you use it the same way as the NYSE TICK?

All information about this is greatly appreciated I am about to find me a brooker with futures and Interactive Brookers is very interesting...

cheers

 

[minwa]

Re: Interactive Brokers TICK & TRIN

Hi guys

Have a question about Interactive Brokers TICK & TRIN... I have used the NYSE TICK and advanced decline line (from Iq feed) when trading the US markets and I like it a lot. As I live in europe I trade mostly the european markets and learned that Interactive brokers have TICK & TRIN for several of them.

Does anyone of you guys use TICK & TRIN from Interactive Brokers? Is it good quality data feed? Can you use it the same way as the NYSE TICK?

All information about this is greatly appreciated I am about to find me a brooker with futures and Interactive Brookers is very interesting...

cheers

IB data are reliable. Calculations are more or less the same so yes you can use it between markets. TICK is very useful in trading the opening range and closing range. I reckon mid day they lose their effectiveness as volume decreases and orders stabilises. I wouldn't add on both TICK and TRIN and A/D Line. Pick one and don't watch the rest.

 

[Viking]

Re: Interactive Brokers TICK & TRIN

IB data are reliable. Calculations are more or less the same so yes you can use it between markets. TICK is very useful in trading the opening range and closing range. I reckon mid day they lose their effectiveness as volume decreases and orders stabilises. I wouldn't add on both TICK and TRIN and A/D Line. Pick one and don't watch the rest.

Thanks for info!

I usually trade from support and resistant zones where I look for divergences in TICK and Advanced decline line. Do you think I can supstitute Advanced decline line with Trin from Interactive Brokers and se divergences with Trin the same way?

Cheers

 

[ipohpotamus]

Re: Interactive Brokers - Chart indicators all over the place!

Hello all,
Wondering if anyone else is experiencing weird MA, EMA, that's all over the place and bear no relation to the actual price movements?
I've been plagued by this issue when looking at 2-year Weekly charts of Aust stocks. Weirdly, some stocks like TSL, WBC, CBA (to name a few) are affected but others still look ok.

I've raised this matter with IB help desk but after telling me that they have no problems with the charts, there has been no further update - despite a recent request for progress update from me. I've checked with other brokers just to confirm and truly, the IB EMA lines have taken on a life of their own! I've sent screenshots of the disparity between IB charts and those from other sites.

Could the data be getting corrupted as it gets to me? IB said they've called up the same charts but their EMA lines look ok (altho' they didn't send me a screenshot of what theirs look like). What else could be wrong? I'm getting frustrated waiting for IB to respond so wondering if anyone out there has any ideas/theories? I got nothing to lose at this point

cheers.

 

[cutz]

Re: Interactive Brokers - Chart indicators all over the place!

Hello all,
Wondering if anyone else is experiencing weird MA, EMA, that's all over the place and bear no relation to the actual price movements?
I've been plagued by this issue when looking at 2-year Weekly charts of Aust stocks. Weirdly, some stocks like TSL, WBC, CBA (to name a few) are affected but others still look ok.

Hi

I'm not a chart guy but comparing the WBC weekly bar charts on TWS and Webiress with a 9 day EMA they look the same. Erroneous bar on the TWS chart 28May12 caused by a TMC booked then reversed at around $6.00 above market. This particular bar can be deleted. This doesn't show on the line charts, line charts normally use closing prices.

Cutz

 

[cutz]

Hi Folks,

I could message myself but before I do has anyone here made enquiries into when IB margin lending will be back on for us Aussies ?

 

[i4ever]

Hi Folks,

I could message myself but before I do has anyone here made enquiries into when IB margin lending will be back on for us Aussies ?

I emailed them today about it. This is their response:

Unfortunately, IB is unable to offer margin lending to Australian clients at the moment. We hope to have this resolved as soon as possible and to provide margin lending service to our Australian customers again. We will notify our customers once ASIC allows us to remove the restriction from Australian accounts. We anticipate that this may be possible in a 4-6 month time frame but we are unable to predict this with a certainty.​

 

[hawamahal]

I emailed them today about it. This is their response:

Unfortunately, IB is unable to offer margin lending to Australian clients at the moment. We hope to have this resolved as soon as possible and to provide margin lending service to our Australian customers again. We will notify our customers once ASIC allows us to remove the restriction from Australian accounts. We anticipate that this may be possible in a 4-6 month time frame but we are unable to predict this with a certainty.​

Don't expect anything. this response is clearly telling that.

 

[hawamahal]

Just a quick question on options.

I have sold a put option and also bought a put option with a lower strike prices for the same underlying stock.

The option is going to expire soon and the price is below the lower strike price.

The question is that what happens on expiry and also i don't have that stock in my portflio. My understanding is that I have to just pay the difference and take the loss. Is that correct?

 

[cutz]

Just a quick question on options.

I have sold a put option and also bought a put option with a lower strike prices for the same underlying stock.

The option is going to expire soon and the price is below the lower strike price.

The question is that what happens on expiry and also i don't have that stock in my portflio. My understanding is that I have to just pay the difference and take the loss. Is that correct?

Hey,

It would appear that assignment on the short and exercise ( either auto or manual, make sure you double check ! ) on the long will occur, why don't you just close out prior expiration ?

 

[fiftyeight]

How are others getting around the margin requirements?

Looks like it wont be fixed for the forseeable future and it is starting to restrict how I want to trade and what I want to trade.

I am still small fry so the simpler the better

 

[baxter]

How are others getting around the margin requirements?

Looks like it wont be fixed for the forseeable future and it is starting to restrict how I want to trade and what I want to trade.

I am still small fry so the simpler the better

Hi 58,

I opened an account with FP Markets a few months ago. Check out their website, it shows their general trading rates etc. I used their online chat feature at the time and mentioned that I was currently with IB and was looking for an Australian broker to match their rates. FP Markets was quite happy to put me on 8 basis points with $5 min trade for the first 3 months and then review to see if it was working for them and me. At this point I'm quite happy - because I have more than $50k in the account I get webiress free, no min trade size (handy for trading small stocks), and a slightly better financing rate. They also have a good range of CFD's on the short side, and their margins are reasonable too. I'd certainly recommend them.

Cheers,
Baxter.

 

[skc]

Hi 58,

I opened an account with FP Markets a few months ago. Check out their website, it shows their general trading rates etc. I used their online chat feature at the time and mentioned that I was currently with IB and was looking for an Australian broker to match their rates. FP Markets was quite happy to put me on 8 basis points with $5 min trade for the first 3 months and then review to see if it was working for them and me. At this point I'm quite happy - because I have more than $50k in the account I get webiress free, no min trade size (handy for trading small stocks), and a slightly better financing rate. They also have a good range of CFD's on the short side, and their margins are reasonable too. I'd certainly recommend them.

Cheers,
Baxter.

Is the share account Chess sponsored?

With the cash in the account, is that in a bank account under your individual name? Or is it "co-mingled" with other clients.

I guess my question really is... how do you manage your counterparty risks?

 

[baxter]

Is the share account Chess sponsored?

With the cash in the account, is that in a bank account under your individual name? Or is it "co-mingled" with other clients.

I guess my question really is... how do you manage your counterparty risks?

I think your questions would be answered if you took 5 mins to have a look over their website....

But briefly, you're not trading shares but DMA cfd's - if you want to have leverage that is (I was answering the question above concerning IB's lack of margin). FP seem to offer share trading, futures, and forex as well, but I haven't signed up for any of those - I just wanted the leverage.

The following link talks about client monies:

http://www.fpmarkets.com.au/aboutus/why-fpm/client-money/

CLIENT MONEY & HEDGING

As a client of FP Markets, all your client monies are deposited into trust accounts with banks within Australia. We hedge 100% of client positions, run no proprietary positions, are Australian owned and are regulated by the Australian Securities and Investment Commission (ASIC).

 

[fiftyeight]

Cheers for the info.

Having a look at their website now

I have not looked in to CFDs but it may be something ill have to look in to.

 

[mm82]

Very disappointing that they don't seem to try and get those margins sorted. I expect a bit more from them. Really like the broker, but this is pretty bad.

Expect more updates from them on status. Their FAQs are about 1 year old.