Author Topic: NZX - New Zealand's Stock Exchange access  (Read 890 times)

maybe4less

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Re: NZX - New Zealand's Stock Exchange access
« Reply #10 on: October 09, 2018, 01:23:44 PM »

While IB can be expensive when you do orders for low priced stock, the commision is capped at 0.5% of trade value.

Not anymore for US stocks. Very annoyingly, they increased the cap to 1% earlier this year.

Don't understand how they think they can be raising prices when their competitors are all lowering prices.


oddballstocks

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Re: NZX - New Zealand's Stock Exchange access
« Reply #11 on: October 09, 2018, 01:48:34 PM »
If their app didn't suck as much as it does I'd look back at my order history.  But I can't figure out how to find it.

I know about 50% of the time IB is crazy in terms of pricing.  The other 50% it's dirt cheap.  I've had some wild commission quotes on there.
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writser

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Re: NZX - New Zealand's Stock Exchange access
« Reply #12 on: October 09, 2018, 02:03:37 PM »
If their app didn't suck as much as it does I'd look back at my order history.  But I can't figure out how to find it.

You are a smart and very computer savvy judging by all your posts here and the fact that you have a blog, newsletter and banking website). Surely you are exaggerating. You can generate an annual statement in account management with a few mouse clicks / screen touches and find the trade in question within a few minutes. Maybe you donít want to spend the time, but Iím 100% certain you can figure it out and 99.9% sure that you already know how to do that.

The guy telling us that the IPMI module on Super Micro servers is junk doesnít know how to find back a trade on a website? Come on. I graduated in computer science but I had to look up IPMI on Wikipedia :P .

But this is getting off-topic. Apologies.
« Last Edit: October 09, 2018, 02:24:50 PM by writser »
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.

benhacker

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Re: NZX - New Zealand's Stock Exchange access
« Reply #13 on: October 09, 2018, 03:48:14 PM »
If their app didn't suck as much as it does I'd look back at my order history.  But I can't figure out how to find it.

You are a smart and very computer savvy judging by all your posts here and the fact that you have a blog, newsletter and banking website). Surely you are exaggerating. You can generate an annual statement in account management with a few mouse clicks / screen touches and find the trade in question within a few minutes. Maybe you donít want to spend the time, but Iím 100% certain you can figure it out and 99.9% sure that you already know how to do that.

The guy telling us that the IPMI module on Super Micro servers is junk doesnít know how to find back a trade on a website? Come on. I graduated in computer science but I had to look up IPMI on Wikipedia :P .

But this is getting off-topic. Apologies.

Chuckle... Love me some Oddball, but +2. :)

Also, for NZ stocks at Fido, don't they take a forex spread as well?  It's embedded (or should be) into how you think about Commission.  IB allows you buy and close forex position at the same time in spot (1-2 pips usually)... Fido charges the below:

Quote
Currency exchange fees
If you choose U.S. dollars as the settlement currency for your international stock trade, a foreign currency exchange fee (in the form of a markup or markdown) based on the size of the currency conversion will be charged when the foreign currency exchange executes.

Amount of currency exchange in U.S. dollars   Currency exchange fee (basis points)
> $1M   20 bps
$500Ė$999K   30 bps
$250Ė$499K   50 bps
$100Ė$249K   75 bps
< $100K   100 bps

--

Just pause and think of what ya'll are saying comparing IB's commission structure to the above at Fido... but not mentioning this forex fee?

Crazy talk.

It's like Bond commissions when you leave out other brokers charging markups... "don't include the markup it's not a real commission".  <broker somewhere salivates>

« Last Edit: October 09, 2018, 03:52:08 PM by benhacker »
Ben Hacker
Beaverton, Oregon - USA

oddballstocks

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Re: NZX - New Zealand's Stock Exchange access
« Reply #14 on: October 09, 2018, 04:06:54 PM »
I use the fat client. I used their web UI once. Iím sure in the web there is some way to generate a report. But Iíve never cared enough to look.

And yes, I can figure this out, but it just hasnít ever been worth it to me. The UI is extremely cumbersome and confusing.

And Ben hits on something really important. Forex is dirt cheap on IB. U did a test trade for a thousand euro last week and the commission was inconsequential. Fidelity charges 1%.
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oddballstocks

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Re: NZX - New Zealand's Stock Exchange access
« Reply #15 on: October 09, 2018, 04:15:28 PM »
To rant on IB. I like the fat client thing, it sort of feels like a cheap BB terminal.

The UI seems really powerful, but really unintuitive. For example if I get a quote on a stock it will populate the pinned chart. But the chart never refreshes unless I reply a quote.

But the platform has potential. I have kicked around building out some trading app via their API. Which is really well documented vs their fat client. You canít do this as cheaply with anyone else.

Maybe there are tutorials or something. I should look. Iíve been able to buy/sell shares and options so I never looked further.
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oddballstocks

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Re: NZX - New Zealand's Stock Exchange access
« Reply #16 on: October 09, 2018, 05:01:08 PM »
The ultimate edge for bank investors: http://www.completebankdata.com