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Thank you for your email. You are right; I mistyped in the previous post. My post should have read: - bought 37 contracts for 0.07 paid 18.50 in commission - bought 24 contracts for 0.06 paid 12.00 in commission Now to your email: - the commission is 50c instead of the 75c because the...

Today in your account we see two trades: - bought 37 contracts for 0.37 paid $18.50 in commission - bought 24 contracts for 0.06 paid $12.00 in commission The charges seem correct based on the sliding scale for smart routed options. I don't see any $1.50. I suggest you wait a few hours...

Not true. You get charged $0.75 per contract if you used a smart order. Why do you think we charge you $1.50? Is that just a guess, or you see it on the statement? EDIT: please send your account # to the help@interactivebrokers.com and include mg101 in the subject line; we will check your...

What do you exactly mean? I think your post is wrong and misleading. How does the user pay $1.50?

No, because what is comming in January is a 12-18 month long pilot on 13 option classes. What IB is offering is all the classes listed by BOX and ISE and it is offering it now.

Interactive Brokers is pleased to announce the immediate availability of Penny Option Pricing. This exciting development will be available to general investors sometime in 2007. However, IB clients can use IB¹s technology immediately to trade US options in penny price increments and gain...

Wow, I am surprised to hear this. Would you mind elaborating as to exactly what TOS does better for you than IB? Thank you.

We are not doing anything new. The volume spikes that you notice on QuoteTracker happen because Globex started including the spread volume in the volume figures for the outright future contracts. The IB charts are unaffected by this. We could compensate the Globex change by instead of...

You can use the IB-TWS to both provide the liquidity to the ISE Midpoint match as well as take the existing liquidity at ISE MIdpoint (seamlessly) through the IB-Smart routing. The ISE Stock exchange went live today w/ 10 stocks.

Thanks to all IB customers who have taken the time to participate in the newly introduced IB feature poll. We have completed the first review and marked off a few items.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1173561#post1173561

The following is an extract of IB communique that went out over the weekend: Nominate and Vote on Your Favorite New TWS Features One of the advantages of being an IB customer is that we listen to our professional customers as we continue our never ending quest to lead the industry with...

The 5 cent rule had been added a while ago. When a better price is displayed by another market center, the Smart router should send the order there and not to NYSE or NYSE-NX. Please try again. Thank you.

There is no problem w/ the smart routing of options. What are you guys talking about?

I think the option to route the order to electronically available quotes works correctly. (We did some fixes, but that was a long time ago).

no

It is not necessary for an order to be for 50 contracts or more for it to receive price improvement. It is not necessary for the order to be directed to BOX for it to receive a price improvement. http://www.interactivebrokers.com/en/trading/IBSmartRoutingOptions.pdf

Try the following test (assuming that you have no position in stocks A and B): Buy 100 shares of stock A. As a spread: Sell 100 of A and Buy 100 of B. This way you should see that the system gives you a fill almost immediately (assuming that your spread price touches the spread NBBO)...

It will only be executed (at least partially) when the system asserts that it is likely that we will be able to get both legs executed. (When we manage to only execute one leg and not the other, we have to "eat" that execution; hence we need to minimize such cases. Recall that we only give...

Both orders are dormant in our system, waiting for the opportunity to be executed at the same time. When such opportunity arises, the system will leg into the spread position and give you a spread execution.