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    IB insufficient for more serious option trading

    spindr0 The OCA function has been put in by several traders, and we voted on it. It is not always the case that just because many vote for it it gets incorporated with an upgrade. IB has the ultimate say and incorporate it as they see fit. And of course the amount of $$$ generated by IB clients...
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    IB insufficient for more serious option trading

    critical features like OneCancelAll, not available for option spreads / combos. eg could be in a spread at 1.00 debit, and want to sell at 2.00 and simultaneously set a stop at 1.50, so whichever executes first, it cancels the other. Critical for anyone who cant be at his computer screen 24/7...
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    IB's option cancellation fee

    please note IB often charge >$1.2 a leg for stock options and always >$1 per leg for index options eg OEX, SPX. so this "great" value, doesn't occur 99% of the time. They say its the exchange fees that make their commissions expensive.
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    IB's option cancellation fee

    No, they can match commission of most brokers, with IB they offered me $1 a leg. IB's commission can be over $1.2 a leg AND they charge over $1 for a cancellation or modification in price for eg.
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    IB's option cancellation fee

    great point, so this is one reason l always do vertical spreads when trading options with IB. But the useful functions that are available in single leg options aren't available for spreads / combo. eg OneCancelAll which is important esp for traders who can't watch the market all day. eg if you...
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