[ts-gen] RE: TWS market data permissions

[R P Herrold]

On Tue, 14 Nov 2006, our UK debian user wrote:

> Here you go -
> VOD	LSE	STK
> DRX	LSE	STK
> Z	LIFFE	IND
> TSB DEC06 5.5 P	LIFFE	OPT
> Some that we may have feeds in common -
> EUR	IDEALPRO	CASH

The specification as it appears on your TWS GUI 
trading screen probably looks like this:

     http://www.trading-shim.org/screenshots/061114-uk-symbols.jpg

but as you can see, I do not have trading permissions on LSE, 
and so no market data appears.  More on that in a moment.

The non-US options trading exchanges are a harder problem than 
just paying for a market data Subscription; I suspect that the 
legally permissible 'tradeables' which IB is permitted to 
offer and are available for a UK resident differ from those 
available for a US resident.  I cannot even get visibility of 
the LIFFE OPT rights.  I will speak to IB TAC and see if I can 
get a paper account enabled with those rights for development 
work.

What Trading Permissons entry do you have, similar to the list 
I posted yesterday from my experience, to obtain STK trading 
rights on the LSE?  I think it is:
 	"Non-professional LSE Level I+		10.00 GBP"
but am not sure.  I listed what I was then using toward the 
middle of:
 	http://www.trading-shim.org/pipermail/ts-general/2006-November/000028.html


> I'm looking forward to you posting a simple example, I tried 
> hacking the database, putting something in Definition and 
> Security, with what I thought was the right keys, but 
> needless to say, it didn't work.

After posting a currency Market Data, History and Order 
Management example through the Command channel, next I think I 
will probably post a series of inserts to amend the database 
in a consistent fashion, and one which we can carry forward, 
stable as to assigned 'UID' values so that we all remain 'on 
the same page' as to what is present; the alternative is to 
post the series of SELECT, which run through the JOIN's to 
yield the ContractID (which I also need to document [it is 
just rather much more complex to explain])

As we each can see:
 	EUR.IDEALPRO.USD/EUR Cash
 	EUR.IDEALPRO.GBP/EUR Cash I think I can construct that 
example with the permissions we each have, and I will turn to 
that in a moment after releasing this email.  In the usual 
case, there are not many trading strategies which I can think 
of which would call for having two base currency crosses on 
the last (Cash) tuple element [none come to mind, actually, as 
all such an approach does is expose one to an additional 'exit 
to base' transaction fee, and possible slippage, to no benefit 
to doing a paired trade on the Underlying side directly]

-- As a USD base currency user, I would simplify to this to 
display both EUR and GBP:
 	EUR.IDEALPRO.USD/EUR Cash
 	GBP.IDEALPRO.USD/GBP Cash
and you using GBP would simplify to:
 	EUR.IDEALPRO.GBP/EUR Cash
 	USD.IDEALPRO.GBP/USD Cash
to obtain identical functionality.

Again, thank you for the feedback and development help; we had 
anticipated that non-US users would assist us by exposing 
assumptions and limitations in our understandings, data and 
implementation; we are quite pleased with the help we are 
receiving.

-- Russ Herrold