Best Thread Interactive Brokers
Answers:
Yes
http://www.interactivebrokers.com/en/p.php?f=margin then scroll down to EUREX.
Dont know as I dont use IB charting. Their Website is a bit unfriendly but a bit of delving should find you the answer.
Yes
http://www.interactivebrokers.com/en/p.php?f=margin then scroll down to EUREX.
Dont know as I dont use IB charting. Their Website is a bit unfriendly but a bit of delving should find you the answer.
When I was in need of such, many years ago, they would then either close ALL open positions or None - just as you wish. But a that time you also were required to state to IB ( in the agreement) that you have a SECOND broker for offsetting trades - especially for such situations.
Check with IB - or just ask one of their introducing brokers.
Regard
Hittfeld
When I leave my TWS application running over-night, I usually have 2 graphs running on the screen. One is Crude oil (CL Dec 2010 futures) and USD.CAD@IDEALPRO. In the morning, the crude-oil graph has stopped graphing shortly after midnight EST (but the last candle is active and showing the current price). the USD.CAD graph has also stopped graphing at midnight, but it shows the following message in Red at the top of the window:
The application was unable to connect to the HMDS server. Reconnection will be attempted.
There is nothing I can do to back-fill that graph and get it to re-connect. I must close that graph and create a new graph to get it to work again.
Why do TWS graphs stop graphing at midnight EST? Why can't they continue to graph correctly, continuously? I'm using TWS build 907.7 (Aug 2/2010) Jolt build 1.1.6 (Jun 18/2010), Nia Build 1.7.3 (Jul 8/2010) ModelNAV build 1.1.28 (Jun 25/2010). Java 1.6.0_21, Win-XP/SP2.
Also - when I draw a line on the TWS graphs, how can I extend the line all the way to the right.
I used to use Quote Tracker (when it was free) and it was hooked into my IB account and I don't think that it has problems with graphing all night. And I could draw a line on a graph and right-click on the line and select "extend to the right" and the line would always be drawn to the far right-side of the graph (so as time went on, the line was always visible). Can the TWS graphs do that?
The application was unable to connect to the HMDS server. Reconnection will be attempted.
There is nothing I can do to back-fill that graph and get it to re-connect. I must close that graph and create a new graph to get it to work again.
Why do TWS graphs stop graphing at midnight EST? Why can't they continue to graph correctly, continuously? I'm using TWS build 907.7 (Aug 2/2010) Jolt build 1.1.6 (Jun 18/2010), Nia Build 1.7.3 (Jul 8/2010) ModelNAV build 1.1.28 (Jun 25/2010). Java 1.6.0_21, Win-XP/SP2.
Also - when I draw a line on the TWS graphs, how can I extend the line all the way to the right.
I used to use Quote Tracker (when it was free) and it was hooked into my IB account and I don't think that it has problems with graphing all night. And I could draw a line on a graph and right-click on the line and select "extend to the right" and the line would always be drawn to the far right-side of the graph (so as time went on, the line was always visible). Can the TWS graphs do that?
Interactive Brokers
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For US shares we ask (per side) for Smart Order Routing (best execution)
> A minimum of $1.00 per transaction.
> $0.005 per share (all in).
> A maximum of 0.5% of trade value plus exchange, ECN and specialist fees.
I've just opened an IB cash account and am a bit confused about how to convert money for buying shares. My initial deposit is in euros and I'm trying to buy shares on the ASX which of course are in AUD.
After 2 hours in the past 2 days spent in the online chat support the conclusion from IB support seems to be that I have to upgrade my account to allow Forex trading, which I've now done and am just waiting for it to be approved. However it's not something I ever really wanted to do - I don't want to trade on margin nor have the risk of losing more money than I put in.
Can someone here explain how they normally handle this situation, eg. wanting to buy say shares on the ASX worth approx 3000AUD from an IB account with Euros (or GBP or USD whatever) in it? Does it involve opening an on-margin forex position?
After 2 hours in the past 2 days spent in the online chat support the conclusion from IB support seems to be that I have to upgrade my account to allow Forex trading, which I've now done and am just waiting for it to be approved. However it's not something I ever really wanted to do - I don't want to trade on margin nor have the risk of losing more money than I put in.
Can someone here explain how they normally handle this situation, eg. wanting to buy say shares on the ASX worth approx 3000AUD from an IB account with Euros (or GBP or USD whatever) in it? Does it involve opening an on-margin forex position?
Adamus
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I have never traded a stock in my life but I would have thought you just buy the stock and IB automatically lends you the AUD and at NY close every day charges you interest on the amount.
You then open the Account view in your TWS and it shows you the amount of AUD you borrowed. So you put in a line for the GBPAUD or AUDUSD ticker, or whatever your base account is, and buy or sell the appropriate amount using a standard order, making sure you watch out for which way around the currency pair is written. i.e. for GBPAUD if you want AUD you sell it at 1/amount. For AUDUSD you buy the amount.
You then open the Account view in your TWS and it shows you the amount of AUD you borrowed. So you put in a line for the GBPAUD or AUDUSD ticker, or whatever your base account is, and buy or sell the appropriate amount using a standard order, making sure you watch out for which way around the currency pair is written. i.e. for GBPAUD if you want AUD you sell it at 1/amount. For AUDUSD you buy the amount.
Adamus
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What currency are you converting from? EUR?
In a quotes page, enter AUD and it'll bring up the choice of all the currency pairs based on AUD. Choose EUR and then the ticker appears on your quotes page. You should be able to enter an order to sell EUR for 3000AUD, however much that will be at the moment you sell. The result will be you get 3000AUD in your account and the corresponding amount of EUR is taken away.
In a quotes page, enter AUD and it'll bring up the choice of all the currency pairs based on AUD. Choose EUR and then the ticker appears on your quotes page. You should be able to enter an order to sell EUR for 3000AUD, however much that will be at the moment you sell. The result will be you get 3000AUD in your account and the corresponding amount of EUR is taken away.
If you just buy the shares, IB will effectively give you a line of credit in AUD and use your equivalent EUR against it. Basically if you're just planning on a short term play on the shares i wouldn't bother converting AUD before you trade. I trade a lot of US stocks but only rebalance the p&l back to my base currency every month. The credit/debit on the balance isn't really that much, a couple of dollars over a few months. AUD rates are obviously higher but doubt it will make that much of a difference of 3kaud.
So buy/sell whatever you want, close out later, then you will have a p&l in aud which you will need to cover via the IDEAL fx system, not IDEAL PRO althoguh i think they are merging them.
So buy/sell whatever you want, close out later, then you will have a p&l in aud which you will need to cover via the IDEAL fx system, not IDEAL PRO althoguh i think they are merging them.
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