Recent issues at IB and TD Ameritrade

[ertyu]

Smart side of ERE forums, please explain. I don't understand what's going on and I am [s]freaking out[/s] getting worried. Do I pull my money out of my IB account

[Alphaville]

this?

https://www.bloomberg.com/news/articles ... g-platform

[ertyu]

except as of today it's also impacting TDA

[Alphaville]

did a quick search of the news and found nothing yet

except this which is 2 weeks old

https://www.wsj.com/articles/glitches-h ... 1606251421

et tu, vanguard?

[Alphaville]

so they were bought out by schwab or something? oct 6?

https://www.thinkadvisor.com/2020/11/11 ... -branches/

maybe merger related?

[Stahlmann]

The idea of being 40-50 yrs old living in small house and relying on some website with numbers with your income is fascinating. I hope to be there one day.

[unemployable]

I haven't seen a problem with Ameritrade. Migrating people over to Schwab won't be happening for a few months.

Meanwhile, Vanguard's interface still sucks.

[giskard]

I think IB's issues are resolved now. I went in there at the end of the day yesterday and placed a trade OK. They apparently had a datastore or something fail and were restoring from a backup on Monday at least from what I read.

[ertyu]

thanks. sounds way more sensible than whatever THE BROKERS ARE FAILING bs twitter had going on that day

[jacob]

I'm shocked! Shocked to find that there's BS going on on twitter.

Anyhoo, this is why I prefer financial companies with a brick and mortar presence. Also, for strategies that require snag-free execution, e.g. intra-day swing/momentum, lest things go wrong, I would never rely on retail brokers or at least I would have two independent ones so one could cover for the other. Ditto two ways to connect (e.g. landline and mobile tethering). Shit happens.

[Lemur]

Glad I went with Vanguard years ago when I moved my assets away from my credit union.