Lumping in Canadian Micro-caps with the US ones is a fallacy as the issues affecting US OTCs don't affect Canadian ones. Hence why all IBKR competitors can offer buys on the CSE without issue.
When i ran a study, i used 1,000 executions and checked the NBBO at the time with a bloomberg terminal. I checked IBKR executions against Questrade executions to measure the difference.
The result was the IB has significant price improvement over PFOF ones.
Yes, I have asked the CEO of the Exchange as well and he has no idea why they won't allow Buys on the exchange. He's been trying for ages to get this policy reversed.
Why does Interactive Brokers shut down Direct Market Access to the CSE exchange? It's the only brokerage in Canada with this limitation @def
All of the Competition (Wealthsimple, Questrade, RBC, TD, NB,) allows trades butIBKR is the sole Trading platform to limit access.
To clarify as well...
Price improvement over NBBO. Measure it and Measure it empiracally.
The anecdotal "aww shucks i checked my level 2 and assumed the fills were good" approach is not how it's done.
will you allow trading on the CSE exchange? It’s infuriating that you guys only allow liquidations and don’t allow,buying on the Canadian securities exchange.
I disagree, Stock Market is record high, real estate has minted more millionaires than ever and commodity prices are raging right now(Uranium, Gold etc).
Times are good to be a Canadian, especially the investor class.
lol just assume, i'm using more places than this on my search. Checking to see if anyone here has the capabilities. Already am trying through those avenues.