As boy/keano have said, on these boards it refers to Interactive Brokers, a brokerage company.
However, on many brokerage websites in the US you will see the term IB used, and in these cases it means 'introducing broker'. In other words, they act as an introducing broker to a larger brokerage company through which your transactions would clear.
And as Interactive Brokers is the largest retail brokerage they don't have introducing brokers so you can't be an IB to IB. :cheesy:
As I have shouldered the burden of editing the software & datafeeds guides & as IB provides data as well as being a direct access broker I was intending to cover it in the Data Feeds guide. Its really up to Sharky where it goes though.
Guides rule OK and Skim will be handing out the knitting badges soon LOL
Well I thought that if you are a proper regulated broker firm and offer CFDs to your clients, then your clients will be contracting directly with the CFD provider while you look after the broking side. I thought this was an Introducing Broker set up.
As I understand it, Patricia is referring to an Introducer Agreement whereby you just have to introduce traders to e.g. a CFD provider and in return, you will receive a rebate.
My cousin has a CFD account with GNI Touch and he is set up on one of these Introducer Agreements. He has a couple of friends and colleagues who have gone on to open an account with GNI and as a result he receives a percentage of the commission that they generate. Not bad for not really doing alot !