Here's a notification from IB, May 27 2005 :
The Chicago Mercantile Exchange (CME) will be introducing new cancellation fees and, as of June 1, 2005, IB will be charging $1 for each CME cancellation with a credit of $5 for each CME executed trade. Execution credits are applied against cancel or modify fees for the day. Execution credits cannot be greater than cancel/modify fees.
....so you'll be OK as long as you don't cancel or modify more than 5 for every 1 execution. I'm not sure whether this only applies to Globex native orders, or also IB's server held orders, and will confirm. If the latter then trailing stops might become a problem.
rog1111
The Chicago Mercantile Exchange (CME) will be introducing new cancellation fees and, as of June 1, 2005, IB will be charging $1 for each CME cancellation with a credit of $5 for each CME executed trade. Execution credits are applied against cancel or modify fees for the day. Execution credits cannot be greater than cancel/modify fees.
....so you'll be OK as long as you don't cancel or modify more than 5 for every 1 execution. I'm not sure whether this only applies to Globex native orders, or also IB's server held orders, and will confirm. If the latter then trailing stops might become a problem.
rog1111
