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hi all,
please have a look at this tool:
http://www.trade-commander.com/mtibbridge/mtibbridge_en.htm
it makes possible to route orders to an interactive brokers account.
it's purpose is saving money as IB has fixed commissions without spread extra charge.
It is qualified for ordersizes >= 20.000 USD. The bigger ordersize, the more money is saved.
Sample:
A 20.000 USD order with spread extra charge (compared to best fair ECN prices) of 2 pips, cost about $ 4.
IB charges $ 2.5.
50.000 USD with 1 pip only costs $ 5. IB charges $ 2.5
And so on...
As IB earns by fixed commissions, it has no interest to affect your order in any way.
For small ordersizes, especially microlots, this tool is NOT adequate.