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My apologies, I know the industry. I could find you 5 brokers who would make private offers of rates of $.22 to $.65 per contract. Included are those would charge nothing for assignments, and provide the same or better margining, and the same interest rate spread. I am about a month away from...

Reply to Don: You're a quality person, and I hope you are right. The pressing theme is my post to IBj. IB excused themselves that they are entitled to automate liquidation, and in the process of auto-liquidating, the software is not able to identify which positions will help and which...

As per the discussions on the site: http://www.elitetrader.com/vb/showthread.php?s=&threadid=61295&perpage=6&pagenumber=1 Re: Did my partner use the liquidate last feature? Answer: No. a) the feature allows liquidate last, rather liquidate first. b) the conclusion on that thread was that...

Reply to ktm: 1) The loss of 11k is clear, and occurred from the cost of entering and exiting (liquidated at market) the position, plus cost of roundtrip cmsns. 2) IB didn't deny the smart route had most probably routed the trades to Timber Hill. I had also mentioned we were going to...

Actually, directed to issue Freehouse mentioned.

Thank you TrueRange: Actually, the issue here was not margining, as it was properly margined by IB (i.e. box spreads having no margin requirements), rather an absolute size restriction IB imposes. Several people didn't notice that I qualified box spreads as "theoretically risk free". The...

For IBj and Def: Here is the paragraph of the e-mail sent to IB making a specific request for information that would have pre-empted everything: "Can you be more specific regarding your findings regarding box spread limitations by forwarding to me any information you may have...

How can your algorithm assume "no other changes"/ all else equal--when the whole goal is to reduce GPV with the fewest possible options sold at market? It is as simple as having the software find the legs with the highest price options, so that when liquidation occurs at below net liquidation...

Recap: A $2k cash shortage existed, which parallels $100k GPV (not $500k GPV). 100 options and 50 box spreads would have covered everything by a human doing the liquidation. IB knows that. The software continued liquidating again the next business day as well. (BTW, in your own terms, I don't...

Reply to Choad: With exception to Riskarb who joined in the middle, but generally tries to understand things properly and think rationally, I don't know where you are coming from or what you're trying to achieve by hoping IB get preferential treatment over other brokers for errant...

Hello riskarb, It seems you joined us in the middle. To your first question: Review the communication with Def. Since you and Freehouse brought it up, I think it is a wise idea to verify 100%. If it is true, IB didn't have to liquidate the positions, they could have just confiscated the...

The options were liquid, the type that all markets almost always bid the same.

If you are just experimenting with trades of 1 or 2 options and you are not leveraging positions, and you are not shorting in-the-money options (which would be relevant assignments), there is no question you should use IB for the meanwhile.

I don't think you understood his question, and I am not sure what your trying to achieve. Based on the communication with Def: IB is a market maker, and they are in on the bid to both buy at bid and sell at ask. IB smart route directs orders to themselves first (i.e. Timber Hill). They...

Yes.

Reply to Def (part 2): In short, the liquidation was erratic, and it seems apparent Timber Hill was first in line. There are difficulties which have to be explained. IF IB merely wanted to send a message to their customers to increase concern position size, you don't need example setting for...

Reply to Def (part one) Two types of liquidations: a) one for margin violations, b) the other for the RATIO of net liquidation value versus gross position value, as occurred here. The former, IB says liquidates according to what will best alleviate the margin problem. The latter, IBj...

Regarding patience, you had just quoted me as follows: Had I not had patience, regulators would have heard about his a LONG time ago!! For that reason, in part, I have only been trickling in information. IB has its advantages, and there is nothing more that I and others would want to see...

Funny. One day, or even intraday would have been MORE than enough to save loss, even if they charged $500 for the phone call!! But let us see if IB takes responsibility. I think that would be a big relief for a lot of people to see IB takes responsibility for stepping on people's toes when...

I have had experiences or exposure to Choicetrade, OptionsXpress, IB, Ameritrade Apex, Fidelity, Tradestation, Genesis, and Redsky, and have collected information regarding a lot of other brokers, and plan to open a broker referral service within the next month, including alerts about broker...