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Brokerage execution comparison for ES/ZB: Interactive Brokers vs. Ninjatrader


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Brokerage execution comparison for ES/ZB: Interactive Brokers vs. Ninjatrader

  #1 (permalink)
 
Silent warrior's Avatar
 Silent warrior 
Boston, MA
 
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has anyone tried BOTH Ninjatrader (brokerage, not just trading platform) AND Interactive Brokers?

Data feed issues and charting differences aside, did you notice any salient differences with fills/executions/slippage trading futures (ES/ZB)?

Thanks!

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  #3 (permalink)
 
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 Big Mike 
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Silent warrior View Post
has anyone tried BOTH Ninjatrader (brokerage, not just trading platform) AND Interactive Brokers?

Data feed issues and charting differences aside, did you notice any salient differences with fills/executions/slippage trading futures (ES/ZB)?

Thanks!

A typical retail trader with a typical futures broker will notice no difference in fills. This is futures after all, not forex, and is a regulated central marketplace.

Mike

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  #4 (permalink)
 
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 furytrader 
Lake Forest, IL USA
 
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Doesn't Interactive Brokers use simulated stops in futures? In other words, they keep the stop working on their servers and once the trigger price trades, they then send the order as a market order into the market place?

Compared to a broker that puts the order directly into the exchange, the fills can be very different in the event of a dramatic market event (for example, the Swiss Central Bank decides to end its peg with the Euro).

You can see more at: https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2FusFuturesStopOrder.php
See also: https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Forders%2Fstop.php

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  #5 (permalink)
 JohnS 
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furytrader View Post
Doesn't Interactive Brokers use simulated stops in futures? In other words, they keep the stop working on their servers and once the trigger price trades, they then send the order as a market order into the market place?

Compared to a broker that puts the order directly into the exchange, the fills can be very different in the event of a dramatic market event (for example, the Swiss Central Bank decides to end its peg with the Euro).

You can see more at: https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2FusFuturesStopOrder.php
See also: https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Forders%2Fstop.php

It depends on the exchange and product so you have to specify which product and the exchange. If the exchange allows a type of order to be native, then its native. If not, then it can be simulated. Here is a link to the order types allowed by the EUREX as an example.
https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Fexchanges.php%3Fexch%3Ddtb%26amp%3Bshowcategories%3D%26amp%3Bib_entity%3Dllc

Regards,

JohnS

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Last Updated on March 15, 2015


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