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for the record. I have seen this new CBOE rule in affect for about 7 equities today. Oh to be a DPM, deny access to any of the good trades (the locked/crossed markets) and now you don't have to take any excess volume trades. With these rules the CBOE should move to Las Vegas............

ABP - Automated Book Priority The term the CBOE refers to when you get an automatic execution when trading against a customer order in their ebook. I found that the CBOE has been very unfriendly when it comes to explaining certain things. Try asking someone why ABP is not on for all...

The CBOE had a rule approved months ago that would allow the DPM to not have to honor any "excess volume" on the same side as small customer orders. They can now turn this function on and traders will only be able to get what they see (in terms of volume). I'm totally ok with this as long as...

I agree with most of what you say but I do think things have changed. Shortly after the "CBOE black list" lawsuit, the CBOE rolled out ABP for a large number of stocks and orders sent to PAR stations are now handled much better (although still unfair). Before this lawsuit, most of my...

metooxx, have you actually taken the time to write the SEC? A year ago, the SEC was NOT aware of what was going on in the marketplace. As a result of letters like mine the SEC morally persuaded the Exchanges to come up with Trade through rules (which still have not been implemented)...

The main problem with the option exchanges is that in many cases they don't allow you trade directly against their customer order book. The ISE allows auto executions in all cases (except for crossed markets), the PSE is pretty good as well. They will allow direct access to their customer...

funny how vague the criteria is........... there is NO clear cut definition. When I traded on the floor of the TSE (years ago), your income was considered business if you were actually registered with the OSC, failing this your income was capital. I spoke with a top tax lawyer last...

i think you can enter orders on Instinet as early as 3:30 AM EST. Island opens at 7:00 EST and Redi at 7:30 EST

i agree. even today at peak volume times - the quotes are slightly behind when this thread began, there was a constant quote problem - this has been fixed but there is still a minor problem with the quotes. Perhaps it is bandwidth??? despite this, IB is still the BEST broker!!!

All executions will be automatic. Plus there is a chance at price improvement. See, FAQ on their website for more information.

If anyone cares, Automatic Execution of Certain Eligible Orders Now Available Through IB's Affiliate Timber Hill Interactive Brokers is pleased to announce a new addition to the market centers available through IB's Best Execution order routing system. IB's affiliate Timber Hill LLC...

1. If you use BEST - then your order is routed based on IB's quote 2. It is much easier to look at "just" your TWS then to have to check your quote vendor on another monitor 3. If you are an active trader then you could have 1,000 quotes (options/equities) in each of your TWS's. You will...

I have upgraded to 756.2 and still notice the quote delays on faster moving stocks. I have emailed the help desk. It definitely is better than before but if you compare your quote data with a vendor you will see that IB is still behind when the market gets a little more active. This never...

Publication for comment The British Columbia Securities Commission is publishing for comment its concept paper New Concepts for Securities Regulation. The paper accompanies this Notice. We developed these concepts by asking ourselves how effectively our current system of regulation deals...

DONE! - I just sent another email to the OSC with the BC concept proposal. I've sent about 5 emails to the OSC in the past six months with only one response. Its nice to see someone (BCSC) thinks that Canadians should have access to US discount brokers.

thanks for the info. You have to be a lawyer to figure out exactly what the By-Law says but it does appear to say that it is possible for IB to keep their clearing firm separte from IB Canada (sec 35.6 Exemptions for Arrangements Between a Member and a Foreign Affiliate). Has anyone...

I was also told that "separate clearing" was the sticking point. However, an IB representative told me that this requirement was NOT in the By-Laws and they had hired a top notch Canadian lawyer to fight it. I have scanned By-Law 35 and not seen anything directly related to clearing. If you...

Baron does not want IB users. It is that simple. He said it himself - just email Def. Don't use Elitetrader!!! IB's competitors can't stand it when they see IB plastered all over this board. And it is obvious as to who is pushing Baron's buttons. (not that it matters) I say, we all...

simple solution. Just email Def with your concerns. He always replies. Elitetrader will simply miss out. Instead of posts on Elitetrader, they will simply end up, directly in Def's mailbox. Twelve out of the thirteen most active threads have been about IB. The other thread was BS...

wow, how many options do you trade?? if you are an active option trader then you will find that you only have access to about 40% of all customer orders booked in the marketplace. The other 60% of the orders have the auto-ex off. The AMEX and PHLX allow NO access to their customer order...