Is Interactive Brokers cheapest and most effective data market feeds?

(Last Updated On: May 25, 2010)

Here is a conversation on reddit.com which pretty well inspired me tostart thinking about blending my knowledge of technology and financial investment. This was pretty inspiring where an indie software engineer launched his own business. He is now clearing millions. Source is http://www.reddit.com/r/IAmA/comments/9s9d7/iama_100_automated_independent_retail_trader_i/

whatswith_this 1 point2 points3 points 6 months ago[+] (3 children)

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bolln 1 point2 points3 points 6 months ago[+] (1 child)

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locktight 0 points1 point2 points 6 months ago[+] (5 children)

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orijing 0 points1 point2 points 6 months ago[+] (8 children)

orijing 0 points1 point2 points 6 months ago[-]

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Hi, I’m a EECS/business/econ major at a top public university. I am very interested in AI (plan to go to grad school for it). I’m taking an AI course and a machine learning mini-course focused on trading. I’ve simulated some strategies, but although they do beat the market 95% of the time without fees, with fees it’s much more questionable.

I use interactive brokers right now. Do you have any recommendations for cheaper solutions to start with, or do you just recommend scale?

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gnarsed 1 point2 points3 points 6 months ago[+] (3 children)

gnarsed 1 point2 points3 points 6 months ago[-]

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you won’t find anything cheaper than IB to start out with. What exactly do you find “expensive”?

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[deleted] 6 months ago[+] (1 child)

[deleted] 6 months ago[-]

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orijing 0 points1 point2 points 6 months ago[+] (0 children)

orijing 0 points1 point2 points 6 months ago[-]

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In the US we usually don’t call it “uni”. Bob Herbert talked about us a few days back.

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mejalx [S] 0 points1 point2 points 6 months ago[+] (0 children)

mejalx [S] 0 points1 point2 points 6 months ago[-]

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If you think you have an edge, I would try to get more capital and put through more volume to get better commission structures. At IB are you using the bundled or unbundled commission structures?

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gozgozlin 0 points1 point2 points 6 months ago[+] (1 child)

gozgozlin 0 points1 point2 points 6 months ago[-]

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Glad you posted, I have a few questions I’d love to hear your response to. –Would you consider your main role to be liquidity provision? –Are most of your trades via limit order, or do you ever initiate? –Are you concerned about trading opposite “informed traders?” Is there anything you do to try to mitigate this risk? Thanks…

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mejalx [S] 0 points1 point2 points 6 months ago[+] (0 children)

mejalx [S] 0 points1 point2 points 6 months ago[-]

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I’m about 50/50. Yes, but nothing I’d like to expand upon.

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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs