IB spreads

[gkareer]

I an think of opening an account to trade US futures with IB as i've read their very good & cheap in commisions, but i wanted to know what the spreads are generally like on -

Dow = YM

S&P mini = ES


cheers

sonny

 

[rossored]

On YM the spread is normally 1 point during busy times, maybe 3 at the most when its a bit slack, but wait a couple of seconds and you'll probably get one within a point or so.

ES its almost always 0.25, as there's so much liquidity its untrue. Normally several hundred contracts being traded at a time, as opposed to typically sub-100 on YM.

 

[gkareer]

cheers rossored..i wanna move on from SB because firstly the spreads are too high & secondly they are always moving the prices against you IMHO, so whenever their is a sign of change in market direction or approaching a key level you're battling a spread of about 8-15 points IMHO & i just fing it to difficult to scalp some points. Then i ask myself if the spread was 1 or 2 points i could of taken 25-30 points out of that, no point in taking 5 points in SB because as risk:reward does not work out . So based on this i wanna try out IB & and see if i can actually make some corn instead of just making a few points.. so then can by my Ferrari 360 modena..!!!!!

cheers mate

sonny

 

[fillyerboots]

gkareer,

If you want some contact details for the IB people in London I can give them to you. They can help you open an account etc..

 

[gkareer]

yes that would also be very helpful...!!!

 

[oatman]

You can get everything you need to open up on their home page
http://www.interactivebrokers.co.uk/

Cheers

 

[fillyerboots]

IB in London

gkareer.

Try Gary Dibley 0207 397 6422.

 

[gkareer]

Thanks for the contact!!

Also can anyone tell me whether or not the feed that IB provide, namely US Securities & Commodities non professional(includes al stocks, options & futures exchanges) would that include the cash prices for Dow & SP as well as the futures prices(ES & YM).

thanks

sonny

 

[china white]

gkareer,

good Q. I do not think so since cash values of indices r non-tradable and therefore not fed byIB

 

[Trader333]

IB do provide some indices such as the Nasdaq and they also do some sector indices as well. I am not sure exactly which ones they do provide though.


Paul