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 Interactive Brokers (IBKR), IBKR users, welcome!

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dwRK
post Oct 3 2024, 11:11 AM

the consummate chartist
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QUOTE(TOS @ Oct 3 2024, 10:15 AM)
laugh.gif Ok lah I see how. Arbitrage profits are not earned easily... that's what I learn from by BIL ETF bid-ask spread scalping... Sometimes, you just have to pray that an idiot will buy enough units from you first at a ridiculously high ask price, or at least his order is large enough so that you can cover the 1.50 (sell) + 0.4 (buy) USD trading commissions...  laugh.gif

Then you have to wait for hours just for another fella to sell to you at somewhere near the expected market price... The wait can be so long that the order is filled the next morning during US aftermarket  laugh.gif

---------------------------

PhD is usually a 4-year programme in Singapore. One of the girls I dated with on NTU campus finished her's in 3 years! Some people can take as long as 5.

In Europe PhD is usually 3-year because they always start with a one- to two-year Masters before proceeding to PhD, so everything is covered...

In the US PhD can take 6 years or 7 years... it's a long journey over there though the training can be better compared to elsewhere. But the cost of living is rising faster than the stipend increment. A lot of PhD students in the States live from mouth to foot, or rely on spouse who works in Silicon Valley earning 5-6 digits a month in USD to foot the bill.
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can forget about stock market arbi... we cannot beat hft... last time did crypto arbi, when market moves fast can exploit exchange slippage/gap... overnight can make 4-5k easy... but daytime exhausted like zombie... lol...

anyways... just reminding that algo/bot trading can be our personal millennium fund... biggrin.gif (just restarted fine tuning my bot...hopefully in future can implement on ibkr... my legacy for the kids laugh.gif)

also dun forget about ai... i know a guy who doesn't know programming but managed to talk ai into developing a trading stats management program... ai and quant are like dream partners, sadly i old liao hard to learn new tricks... hahaha... friend was showing off what the ai can do... really amazing stuff...

dwRK
post Oct 3 2024, 11:25 AM

the consummate chartist
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QUOTE(lhshyong @ Oct 2 2024, 08:08 PM)
wa.. this interesting topic eh..we discuss more.. haha
1. May i know what definition of HFT ar ? lot people saying different answer..

2. Can we do HFT with IB ?

3. So far anyone here direct connect to their infra ? what the requirement to direct connect to them ?
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2. not really
3. ibkr got 3 API systems, anyone can link using them protocols... you can also use 3rd party trading and algo softwares...

dwRK
post Oct 3 2024, 01:12 PM

the consummate chartist
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QUOTE(lhshyong @ Oct 3 2024, 12:11 PM)
still young lar bro. what your friend ai can do ar. share some idea , i try build for you all.  haha  tongue.gif

which type arbitrage u did in crypto previously ? now still lot ppl looking about arbitrage in crypto , and having many types.
some is cross exchange.. cross asset etc..
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oh is you i chat in pm... i didn't pay attention to userid... lol...

he tried chatgpt and a few others... he said some are better at coding... but this was last year, so dunno who is better now... got a web front end working, and backend pulling trading data for stats and charts...

dwRK
post Oct 4 2024, 11:12 AM

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QUOTE(TOS @ Oct 3 2024, 10:48 PM)
Will study the APIs some day hehe. Which API do you recommend for simple tasks like bid-ask spread scalping? I think I can code using Python to observe the spread and compare with previous day market price and detect over-valuation. Then instruct the bot to enter into a sell order at the high price while observing for any change in spread. Then when sell order is filled, immediately enter into a buy order at market price.

Seems easy lol
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someone already built a python ibkr bot... you can try searching github... got plenty of open-source projects around...

tradingview has ibkr link built-in... haven't checked if possible to do algo trading with it with pinescript... the simple method of trading is using webhook that one can link to all types of broker...

as for api... rest api is quite simple n popular so you can get lots of help if required...

dwRK
post Oct 4 2024, 08:24 PM

the consummate chartist
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QUOTE(TOS @ Oct 4 2024, 05:19 PM)
Ok, I test out with the Web API. So far so good, I have one question though.

For programming my trades, I need to fetch live data from the Overnight Market (Blue Ocean ATS data) to compute the bid-ask spread and spot for widening and narrowing trends. These live snapshots cost money right?

If it's much worse than my potential profit of 2-3 USD every 3 days or so, I might as well use my eyeball to check the data manually... laugh.gif
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cool...

dunno about data fees... if you connect to blue ocean and not ibkr... dunno how blue ocean can bill you biggrin.gif

if you are active trading/investing... you can get free data from ibkr if your fees exceed some $...

dwRK
post Oct 4 2024, 08:39 PM

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friend did this using ai... lol...

user posted image

user posted image


» Click to show Spoiler - click again to hide... «


This post has been edited by dwRK: Oct 4 2024, 08:40 PM
dwRK
post Oct 7 2024, 05:53 PM

the consummate chartist
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QUOTE(TOS @ Oct 7 2024, 01:17 PM)
FT Jane Street Capital

New titans of Wall Street: how Jane Street rode the ETF wave to ‘obscene’ riches
A quirky and opaque New York firm has rapidly expanded to become the most profitable trader of all

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how to invest in jane st? biggrin.gif

dwRK
post Oct 9 2024, 10:47 AM

the consummate chartist
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QUOTE(TOS @ Oct 7 2024, 08:42 PM)
You write me a recommendation letter to their boss, I share with you my renumerations when I land a job rclxms.gif

Make sure you specify desk job in Singapore ya... I don't want to pay for tips everywhere I go in NYC... I kiamsiap cheapskate trader laugh.gif
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nah... do this...

show up with your algo bot making millions whilst you still in uni... tell them youre not desperate... all their competitors already gave you offers... rclxm9.gif

have done the maths... compounding 6-7k capital at 0.35% daily for 4 yrs gets you to 1 mil+... i also know this is doable, you just need half my trading skills... :hahaha:

anyways found a free algo bot for ibkr... capitalise.ai... need to see what other algo bots are available for ibkr...

just found out mt5 platform that is mainly used for forex can also connect to ibkr... maybe time to learn some mql5 language... biggrin.gif



This post has been edited by dwRK: Oct 9 2024, 11:59 AM
dwRK
post Oct 23 2024, 01:28 PM

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QUOTE(TOS @ Oct 23 2024, 06:28 AM)
Trade closed early morning. It has been a long day...

user posted image

Total profits = (91.79*113 + 91.75*68) - (91.69*181) - (0.66+0.51+0.39) = 13.82 USD.
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good job with your arbitrage... smile.gif

dwRK
post Nov 7 2024, 09:10 AM

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QUOTE(TOS @ Nov 7 2024, 08:19 AM)
Luckin teaches SBUX how to do coffee business...

Bloomberg Opinion

by Shuli Ren, Columnist

China’s Luckin Shows Starbucks How to Sell Coffee
Is a Frappucino an expression of individualism or a habit? The Chinese chain is betting on the latter.

https://www.bloomberg.com/opinion/articles/...-to-sell-coffee
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dunno man about usa... trump in office... anti china strong...


dwRK
post Nov 7 2024, 11:09 PM

the consummate chartist
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QUOTE(TOS @ Nov 7 2024, 10:10 PM)
Luckin is cheap... Americans vote for Trump because they feel the heat from inflation... with 2 USD coffee, that save their budget... like 5 USD McD meals...

Can't resist... not sure how they taste though... You try before?  laugh.gif
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chinese coffee got 5g nano bots wei... will cause abortion... half of america will belief i think... hahaha... 100% ban...

feel like wanna restart trading/investing... but bot work got some setback...
» Click to show Spoiler - click again to hide... «

what is the 'best' spy and qqq etf on fees?... wanna do some maths vs micro futures...

dwRK
post Nov 12 2024, 05:37 PM

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QUOTE(gashout @ Nov 12 2024, 11:30 AM)
hi, i would like to ask based on this, https://www.interactivebrokers.com/en/accou...erest-rates.php

is this based on per account name (in my case, it's one) or per account (in my case it's two)? as my account has 2 sub- accounts, as i try to differentiate the origin of both money, for tax purposes...
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t bil 4.48%... ibkr 4.08% >10k... songlap >0.4%...

dwRK
post Nov 12 2024, 09:29 PM

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QUOTE(gashout @ Nov 12 2024, 05:47 PM)
So buy t bill better.

How often do they give interest?

I've seen a list of t bill somewhere.. In finance group.
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interest is accumulated "daily" reflected in price... and paid out monthly... had to look twice to understand what is going on here...

user posted image

interest kena 30% wht but will be refunded early next year...

bro tos has a post few pages back trying to game the system... have a look, you may be able to buy it cheaper his way...

dwRK
post Nov 12 2024, 11:07 PM

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QUOTE(TOS @ Nov 12 2024, 09:55 PM)
Now, if you have margin account however, the restrictions above do not apply. If you sell BIL and say buy Nestle stocks (SIX: NESN) on SIX in Switzerland the same day, you are effectively shorting USD.CHF overnight forward, i.e., borrowing CHF from IBKR (or some other market participants) for one day to buy NESN, and repay back at T+1 with USD proceeds from selling your stake in BIL/SGOV the day before. IBKR will charge interest on the overnight loan I believe, but sifus here can give you more color on this topic.

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err.... you are not shorting usd.chf...

with margin acc without or insufficient chf... you will be borrowing chf with usd/stocks as collateral... to stop paying interest you need to buy chf... with cash acc ibkr will auto convert afaik...

This post has been edited by dwRK: Nov 12 2024, 11:09 PM
dwRK
post Nov 12 2024, 11:18 PM

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QUOTE(TOS @ Nov 12 2024, 10:08 PM)
Shhhhhh.... Don't tell people...  mad.gif  vmad.gif  ranting.gif

My profits have dropped to zero for the past 2 weeks... Someone here has clearly manipulated both the bid and ask side of the trading books, the spread has narrowed dramatically...

And no, it's not gaming the system, it's called making markets "more efficient"  laugh.gif (Wall Street bros love to say that eh  laugh.gif )
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game the system... gives you more street cred lah... hahaha... actual term arbitration sounds so meh... hahaha...

dwRK
post Nov 13 2024, 12:29 AM

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QUOTE(TOS @ Nov 12 2024, 11:32 PM)
But you will be selling your BIL ETF holdings at the same time right? You mean IBKR will automatically collateralize the remaining BIL ETF (if any) or any other open positions like stocks or ETFs in your IBKR account with the CHF borrowing?

What if I sell ALL the BIL ETF holdings and I don't have anything else remaining in my IBKR account at T+0, there will be nothing left to collateralize, no?

But yes, we agree on the loan nature and the daily interests. To close the short position/loan, gotta buy back CHF.
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all cash n stocks are collateralized in margin acc... you sold but cant withdraw the cash immediately... you can actually buy and not sell anything... margin acc has this thing call buying power 2x/3x of acc size... can recall which x... if what you buy gg... ibkr will start liquidating your positions to cover...


dwRK
post Feb 12 2025, 10:06 PM

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TOS2... looks like gonna get back money from ftx soon... +20% interest summore... sweat.gif

but also looks like they songlap my coins give back usd... haiz... better than nothing...

dwRK
post Mar 11 2025, 05:03 PM

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QUOTE(FloralEmbrace @ Mar 11 2025, 04:20 AM)
I read in earlier posts that many moved to IBKR UK from TSG after IBKR removed the inactivity fee. If I”m opening a new account do I have a choice of IBKR UK or US?

What’s the difference between UK and US?
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1. will be usa

2. estate tax

dwRK
post Mar 12 2025, 04:44 PM

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QUOTE(FloralEmbrace @ Mar 12 2025, 04:35 PM)
Thanks..there is no way to opt to IBKR UK to avoid estate taxes?
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uk has its own estate tax... but less than usa...

dwRK
post Mar 12 2025, 07:46 PM

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QUOTE(swiss228 @ Mar 12 2025, 07:32 PM)
I think default is US.
And, I think, the estate tax only applies to the US situs stocks you hold in your portfolio. Estate tax does not apply to the entirety of your stock portfolio. The estate tax exemption for US situs stocks is usd$65,000, anything above that is subjected to a 40% tax.
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yup... also cash is taxable

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