IB Subscriptions?

[Guest Hal]

I just got my IB account funded and am working my way through the intricacies of the Trader Work Station. I understand I need to pay for some subscriptions if I want to receive realtime market data.

 

On an earlier thread, someone was told to subscribe to the "US Bundle", available via the following path:

Account Management home > Trade > Configuration > Market Data Subscriptions

 

Well, there doesn't seem to be a "US Bundle" listed. There's Level 1 "US Cmdty" package, along with a bunch of Index, Level 2, and Floor packages.

Has this "US Bundle" been renamed, or is this the same as the Level 1 - US Cmdy package? And wouldn't I want some of the Index packages for being able to view data on RUT, SPY, VIX, etc.

 

Also, I see no information about fees being waved if I pay over a certain amount in commissions. Hmm...

Thanks for your kind help.

[Gary]

In my menus I follow these steps

 

1. Go to Account Management Home > Research and Market Data Subscriptions
2. Click "continue" to move past the research page
3. Click the "North America" tab
4. You should see the main options there

I think you'll want "US Bundle" and "US Options" at least. Most of the indices are self explanatory, except perhaps CBOE/MDX which gives you VIX.

[indiana*josh]

Hal,

 

See attached screenshot.  I added the red boxes to show the subscriptions I have.  Does your screen not look like this?

 

Josh

 

 

[Guest Hal]

Hi guys,

 

Thanks for the quick response, and thanks Josh, for the screenshot. Actually, my screen does NOT include the US Bundle as an option. It includes the indexes, Level 1 and Level 2 stuff - just no bundle option, and no mention of "waiver."

 

I think I'm going to have to contact IB to see what's up. Thanks to you both for confirming what I SHOULD be seeing!

 

Hal

 

Edited February 26, 2013 by Hal

[Marco]

Hi guys,

 

Thanks for the quick response, and thanks Josh, for the screenshot. Actually, my screen does NOT include the US Bundle as an option. It includes the indexes, Level 1 and Level 2 stuff - just no bundle option, and no mention of "waiver."

 

I think I'm going to have to contact IB to see what's up. Thanks to you both for confirming what I SHOULD be seeing!

 

Hal

looks like you are a 'professional subscriber' or however IB calls that. For these much higher rates apply and there is no free (after min comm) US bundle. Might be a case of you ticking a few wrong boxes - then you should be able to change that. Or if your account is for a Ltd company then you are also automatically a professional subscriber (and probably wont be able to change that).

[Guest Hal]

Yep, you nailed it, Marco.

 

After getting off the phone with IB Customer Support, the issue was, in fact, that I was listed as a professional subscriber (must have checked the wrong box, as you said).

 

I switched to non-professional and the checkbox for US Bundle appeared.

 

Thanks to you all,

 

Hal