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Old 07-04-2008, 05:01 AM   #1

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Good Broker for Scalping Stocks? Please Help

Well, right today I´ve contacted TS to open an account, but after reading in this forum I think I better change my mind.

Could anyone please help me to find a good broker service for equities(stocks), not futures?

I´m looking for a very fast entry order broker, in order to scalp, and I need tools like the TS Matrix. Resuming: Any equity broker that offer fast order execution, data stability and a good trading tool like the TS Matrix.

Nowadays I trade on european stocks using a great platform named GL Trade, does anyone knows if it´s usable on USA?

Please help me.Thanks in advance.
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Old 07-05-2008, 08:29 PM   #2

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Re: Good Broker for Scalping Stocks? Please Help

I´ve posted tihs message two days ago, and I don´t receive any answer!

I thought this was a very active forum. Please anyone can help me?
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Old 07-06-2008, 05:06 AM   #3

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Re: Good Broker for Scalping Stocks? Please Help

I think its the matrix like tool that will probably be the problem. IB are a good solid no frills broker. The only criticism some level at them is if you have to phone them their service tends to be slow.

I am not sure what sort of features you need in your matrix grid? They have a 'list type' view. There is also a wealth of software that interfaces with IB from order entry platforms to charts. Something like Quotetracker might do what you wish, that is free or you can subscribe for a modest amount that increases the historical data you can view. If you need programmable 'cells' in your matrix perhaps an excel spreadsheet? IB will drive that too.

I am pretty sure that the lack of responses is because people don't know what to suggest. Maybe if you give a bit more info about what you need from a matrix people might be able to help.
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Old 07-06-2008, 05:48 AM   #4

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Re: Good Broker for Scalping Stocks? Please Help

Thanks so much BlowFish,

What I´m looking for in an reliable and quick (instantaneous fills) platform.

In the Matrix I just need to things, that the data I see were pure real time, that never freezes or slow down, and that the movement and executions of orders were instantaneous.

I would appreciate experiences from people, mainly if they use any US platfrom and are living in Europe.

Thanks so much.
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Old 07-06-2008, 06:37 AM   #5

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Re: Good Broker for Scalping Stocks? Please Help

I think IB and quote tracker might do it for you maybe just IB's platform. I have always found IB fast for order entry. You can do one click trades and set an entry stop and target all from that single click. Fills and execution are as good as any.

I live in europe. TWS have major data centres that there software (TWS) connects too in the US Europe and Asia. You used to be able to select which centre you connect to when you installed. Now I think it takes a phone call. There infrastructure is good. I believe I connect to the US centre.

One thing IB do is aggregate data (in fast markets they will add several ticks together and send it as one) This means that that you seldom get delays. It is a good choice for scalping.
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Old 07-06-2008, 06:45 AM   #6

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Re: Good Broker for Scalping Stocks? Please Help

Thanks again,

I thinks that there is no broker that never offer delays. But if you say IB suffer them seldom, it´s ok.

Is stable the platform? it´s ok if seldom the data delays, but not if seldom the platform goes down for minutes.

Anyone can say the same about TS?

Thanks.
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Old 07-06-2008, 01:53 PM   #7

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Re: Good Broker for Scalping Stocks? Please Help

IB are difficult to beat in my view. If you are wishing to trade US stocks on an intra-day basis then you will need to deposit at least $25K


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Old 07-06-2008, 02:47 PM   #8

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Re: Good Broker for Scalping Stocks? Please Help

I am happy with TS. Fast? You can buy or sell just pressing your "F" keys. If its a data issue, there's probably a way to push it in. The commission structure is hard to beat. I think it is equal or better than IB
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