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Non-Tech : Interactive Brokers / Timberhill
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To: Shane M who wrote (9006)4/13/2015 1:01:16 AM
From: Shane M  Read Replies (1) of 9012
 
re: "I guess anyhow, I'm only expecting the $7.50. We'll see what happens. I'll post back once I'm more familiar w/ how things work."

Just following up to post that yes, the 7.50 quarterly fee is all I'm seeing on my IRA as discussed previously. The lower commissions are definitely worth it, and executions seem good from my limited usage.

From user interface, their webtrader is fine for what I do. I don't currently have any data feed enabled and it's worked ok. I trade fairly infrequently and I just look at yahoo to get idea of real time quote and make sure spread is reasonable and place my order. I normally trade larger, more liquid stocks so that works so far. Nothing I do is particularly time sensitive - I hold for months/years.

I am thinking of moving more accounts there, so am thinking of just going ahead and buying some data, but not sure which feeds to get.

interactivebrokers.com

I notice there are lots of data options, but if I just trade major exchange stocks I'm thinking NYSE level 1 and Nasdaq Level 1 might be all I need? Maybe Amex level 1 too.

If anybody could advise on the data feed I'd need I'd appreciate. I honestly don't understand the difference in the NYSE, Nasdaq, and Amex level 1 quotes vs. what would be in the "US Securities and Futures Value Bundle"
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