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I agree with you guys that the API should allow us to send orders to the marketplace of our choice. It isn't just a problem for NYSE stocks. Try sending orders in the options market using BEST only.................. This is potentially a big problem for me.

I have faith in IB. Just be patient. IB customers have been spoiled over the last year. This is just a bump in the road. Take the time to think what the TWS was a couple of years ago and what we use to pay in commissions. We have seen incredible improvements! I expect that things will only...

def, from IB management: "There was a technology bug and we are fixing it immediately. The way things are suppose to work is that when TH flags that they are willing to match or beat the NBBO, the order is done, with no further matching or delays" It should be fixed by the end of...

Disconnect, The Timber Hill Automatic Execution for IB Customers ie (TMBR)

shneed, I don't think your problems are related.

I just got an email from the chairman who said that they were having some problems and "would disconnect it until it is fixed"

both sides I had a few more trades with TMBR later in the day with NO problem (instant fill). However, all these trades were for 100 - 500 shares. I had delays on four earlier trades with TMBR. All these trades were for 1,000 shares. I'm not sure if volume makes a differance in how...

i just did a test on NVLS (where TMBR) has an interest and noticed that my fills were better when trading against them. They were instant. I will still send my complaint to IB management for a response for what happenned earlier. thanks for the responses

no, it wasn't a technical issue. Check your fills for TMBR and you will see there is a delay. I trade enough to know.................

For the first time, I noticed some of my stock orders trading against TMBR (NVLS and SEPR). The problem is there is a large delay (approx 5 seconds) before TMBR decides to take the other side of your order. And one time, I didn't get a fill from TMBR and I missed a SuperSoes order. (ie, I was...

I was told that IB was facing large fees when orders were handled manually at some Exchanges. And this is the main reason why option commissions are high. They implied that the infrastructure was not on the floor and they were facing charges larger than their commission rates. It sounded like...

metooxx, you say the hard cost of options is .20 per contract. Does that include the cost of manually handled orders and cancel fees? I'm told that on manually handled orders IB actually loses money.

I got fills on a total of 12 opening orders at the PSE on Friday what option gave you this problem?

1) Don't blame us if you paid too much for your seat! 2) Interesting to see, this guy admits it. He pays for order flow, so he doesn't want guys like us to trade this order flow! How dare you compete with us!!! Anyone got any tissue???

1) you said, "If I send an order with the wrong price, they will pick me off". The differance is you can't sell below the NBB or buy above the NBO but you expect market makers, if they make a mistake to sell below the NBB and buy above the NBO. How much can a market maker sell below the NBB to...

let me clarify one thing. At the opening of trade Market makers can often cross a market for a short period of time but this doesn't last more than a couple of minutes at most. And this is usually only on the big movers of the day. For every market crossed by market makers for hours at...

1) Firstly, if you send an order in error that pays through an offering then you will get the best ask (Trade through rule). If a market maker posts a price that crosses the market then YOU want it to trade through the market. ie offering calls $2 below the best bid. You could never sell...

I don't agree that an Exchange should be obligated to fill the quantity without exception. THAT IS INSANE!! (Even I would never expect this). In most cases when a market maker/dpm/specialist PRICE crosses a market it is the result of a technical problem. Every day you see an Exchange have...

How do traders off the floor circumvent the rules? It is illegal to "act as a market maker" off the floor. You can't enter orders that continually move with the marketplace. It is illegal on all five option exchanges to constantly gain priority by jumping on the bid/ask. You also can't...

If you want to trade equity options then I would recomend the following: 1) Send your orders directly to the option exchanges (if you trade through IB - don't use BEST) 2) Be careful where you send them - not only may you not get filled but be prepared to wait a good two or three...