Google and Yahoo cant compete with that!

Why would you want to toggle between one website (for the last quotes price – not even streaming quote) and then go to another site to place the trade?

For a trader – time is money and if you are doing this you lose precious time and are relying on a quote that is not even dynamic enough to update (stream) in on it’s own.

Nickle and diming to save on a quotefeed will hurt you in the long run if your an active trader.

If your an active trader this doesn;t make sense – unless your a position trader then it’s doesnt really matter because your “hopefully” trading of of technicals this doesnt make a difference.

If you are day trading, you must be paying more than the minimum commissions. How much do you typically pay on average / trade?

FT

“This is good news for Interactive Brokers’ users, who eventually will be able to stop paying for IB’s real-time quote and instead get them free from Google.”

WOW man, if you can’t afford the rediculus data market fee of IB, then stop trying get rich with the stock markets.

I’ve switched from “Scotia McLoed” ($29.95CAD/trans.) to “BMO InvestorLine” ($9.95CAD/trans.) to “Interactive Brokers” with a commission fee of $2.00CAD @ $2.50CAD per transaction. They are the best I found, so far.

Right now, I’m doing arround 65 transactions a month, and it’s only growing. Can you imagine the money I’m saving, as regards to commision fee. I realy don’t care giving a poor $25.00CAD/month to get TSX/Venture data market.

The only thing I don’t like, with the “Level II” data market provided by IB, is that there are not historical. They only gives you the current day activities of the “Level II” asks and offers.

For myself, I find it useless, or at least 50% usefull, having this daily activities. When I look at the “Level II” market data, I like to get the big picture, as regards as how many buyers and sellers are out there for this stock.

[...] If you’re looking for a non-registered trading account with ridiculously low commissions and margin interest, then Interactive Brokers is a no brainer. There is a $10USD / month minimum fee with IB which means that if you spend less than $10USD in commissions in a month, they will charge the difference to your account. For example, if you spend $6 USD (6 USD trades) in commissions in a month, they will charge you an extra $4 USD. These monthly fees are tax deductible. IB also offers extremely cheap currency exchange. The biggest downside of IB is that you have to pay for your real time data. I use IB for my trading and my big bank brokerage for my real time quotes (Google will soon offer real time quotes). [...]

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