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Thank you Jack for this info. I pasted and sent the audit trail to IB. The audit trail shows the request to cancel was received two seconds before the fill. CancelOrder MsgType OrderCancelRequest SendingTime 20061024-19:27:06 Filled SendingTime 20061024-19:27:08 OrdStatus...

NYSE. I've seen this happen on NYSE with "filling" orders, but never with "cancelling" orders. In addition, I saw with my own eyes that the order was totally off the screen for 2-3 seconds. Will IB help a customer bust a trade?

We cancelled an order in to buy 10k shares of a stock as it was nearing the close of the day and could not hold the position, and did not want to hold the position over night. The order had already disappeared from the screen, when suddenly heard a beap, indicating the order went through, and...

I know it has been a long time-out, but did you hear any update regarding the priority issue?

On DRL today, the bid would show e.g. at $5.50 and the ask $5.51, and the order would go through at $5.52 or $5.53 and leave the $5.51 behind untouched. IF this is an IB data feed problem, it did cause harm.

Thank you. It seems when you buy-at-ask many orders go through on PHIL. But when you are buying at bid, orders go on CBOE, and end up on ISE. Has that been your experience?

IB smart route may at first route your order to CBOE, then the next day you find your order on ISE, which is a good thing. However, do you keep your place in line at that point, or does it re-route again?

Whatever you do, be very careful, and don't underestimate the sophistication of the players on the other side of the trade, and don't overestimate the practical value of these books for finding strategies.

What online service do you like most for updating you on what's driving the market that day?

There are ideas that work.

Continuation... Penny Increments in the Options Markets Even without attracting a significant amount of order flow, the existence of penny auctions, coupled with intense competition among the options markets, has generated a great deal of interest in publicly quoting options in penny...

I located an SEC speech issued in May, 2006, regarding payment for order flow and internalization as being main reasons for many brokers denying customers of price improvement opportunities, and possible violation involved. This may confirm Bitstream's point...

Brokers should be obliged to disclose this type of info, and these types of updates, to all their clients, so that they can make a proper assessement of the risks.

With that amount of risk tolerance, you will lose your shirt.

Good posting. Seemingly, specialists view this as a military operation.

Would be interesting to know if you've got an alternative explanation. Who then is buying the stocks? Do you agree with the other observations people have been making?

If they are breaking a 15/60 minute high, what has been your experience?

1. I don't think this syndrom is limited to a handful of stocks. 2. What type of order are you referring to for blocks?

Alternatively, everytime once you learn something new about how the way they play their game, to take advantage. But it's good to see your confirmation of the same stuff.

A good example of when those $5 per trade brokers may come in handy.