Recent content by evo34

Isn't NSX very slightly better?

Are there any others (besides IB and now E-trade) that offer portfolio margin?

Are there any brokerages that offer pre-existing algos for stock trading other than Interactive Brokers? Not talking about programming my own algos. Talking about off-the-shelf algos that have a few settable parameters (pct. of volume, aggressiveness, etc.).

One more thing: firing off a market order in the first minute of trading is pretty dangerous since market makers can be quite wide at that time and markets can be moving violently. As for closing orders, I think MOC orders are fine for most liquid stocks. But no reason not out an order in at...

Opens are not ideal for trading, but if your strategy depends on it, you can certainly try. To do so, you need to specify that the order is "on-open" and that it is to be routed to the primary exchange. Places like Yahoo report the "consolidated" open price, which is almost always the same as...

Not looking to build my own systems, but rather get a pre-built suite of execution algorithms. Nothing listed there looks promising.

Does anyone offer off-the-shelf stock trading algos that can be used with IB API? E.g., TWAP, VWAP, and other more creative algos with customizable parameters. I already use IB's own algos, but there are only 5 of them, and they are not very customizable.

Island = Nasdaq. So, yes, SMART-routed orders with Nasdaq-listed stocks will route to Nasdaq for the open.

SMART routing will route to primary (NYSE in this case). If you want to route an on-open order in an NYSE stock to Nasdaq (rarely a good idea), you have to specify exchange.

In your example (ARCA-listed ETF), the probable reason you see a slightly worse price in your order blotter is that IB includes the comm as a part of the executed price. In other cases (NYSE-listed stocks), the published open (first trade on any ECN) can be massively different than the...

Would like to be able to adjust aggressivity and time in force. Am not looking for an elaborate programming solution, but rather an off-the-shelf algo like IB's VWAP -- either from a broker or a third-party order management software.

Does any broker have customizable stock trading algos like IB's VWAP, TWAP, etc.? I know of no one else, but want to make sure I am not missing someone.