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IB instituted these limits because some regulators (especially those in Asia and Australia) are very strict about what orders we allow our customers to send into the market place. When first implemented the limits had some growing pains. Since then a lot of work has been done to refine them...

This is not correct. The combination orders are sent out immediately and then are managed by an algorithm that maximizes the likelihood of their fill. IB does not charge cancellation fees on combinations, because the exchanges don't charge either. IB has lowered the cancellation charge on...

We will add the order type you describe. Thanks for the suggestion.

The combination orders have been and still are routed natively to the option exchanges.

It is not accessible. We are planning to address this shortcoming in the near future.

Yes. Only the US stocks. No PinkSheets, no OTCBB.

Our relationship is (for now) limited to liquidity-taking. Please note that our Smart router gives you some of the benefit you seek. If you post a non-marketable order (which we route to a venue) and IB then subsequently receives a liquidity-taking order for the same stock, we will cancel...

It applies to stock. By default the stock smart router pings a few dark pools to get a fill. (The benefit is not only potential price-improvement, but also lower venue-fee). The few chosen ones are the ones that have the lowest latency and highest likelihood of a fill. If you chose the option...

1. Should not matter, because the order we will be re-routing will be sent to the destination where it is marketable. We will use non-hidden IOC. 2. After the stock opens for trading. I will have to verify that this works correctly. 3. While NYSE is the best place to route the orders for...

Yes, that would make sense to do, unless the user specifies the "post-liquidity-only". We'll make the change.

It is native. I explained how it works in my post from 7/3.

I am told that it is enabled for API. We are working on NYSE RLP; it should be on line within 2 weeks.

IB now offers Smart hidden orders for US stocks. You can (for now) only access the order attribute from the Order Ticket. We will in not too distant future make it easier to submit them outside of the Order Ticker.

The smart routing decision will be made in the same way as it is currently done for all visible venues, except only the subset of venues that supports native hidden orders will be eligible. e.g. - say that the visible smart currently decides on the following preference of venues: VEN1...

As strstpd points out our ISLAND hidden order type is native. We are going through the other venues that offer hidden orders and have scheduled the implementation of Smart native hidden.

- the Mosaic has been developed with the purpose of targeting a particular audience; you surely must know that Mosaic is optional; you can use it if you like, or you can continue trading with the full-feature TWS - we are not planning to de-support it - you can upgrade to a new version of TWS...

To my knowledge there is no such thing as "the sub-penny scheme" in the options markets. Perhaps you can explain, instead of just cutting-and-pasting interesting - yet half-relevant links. Your numerous posts about IB suggest that no matter what IB does, you will always try to find something...

As I explained, the smart routing preferences, such as "Highest Rebate", apply to liquidity providing (not taking) orders. The smart router optimizes the routes to benefit the customer. It will not route a marketable order to CBOE, when BOX is at NBBO. Timber Hill preference will only be...

BOX is reverse make/take exchange. The taker receives a credit, the maker is charged a fee. IB routes liquidity taking orders to BOX if (i) BOX is at the NBBO, or (ii) Timber Hill wants to provide a price improvement to the customer order. In both circumstances the customer's orders collects...

Would you please PM me the day, time, and underlying in which you experienced it?