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Def- ECN BEST was a result of BESTex orders getting held up on selectnet or Soes. Most of this thread focused on BestEx. As long as market makers can hold onto orders there is a possibility of an order not being honored from somene showing the best price...

dlincke- Help desks tend to be notoriously bad, just about everywhere. IB is no exception. I once sent an email to support at IB asking how I can determine whether I can short a stock(This was before I figured out they had a list). Support told me the only way you can determine this is to...

zboy- I have no doubt that you know the details of order routing. It's not you I'm concerned about, but IB's promotion of BEST as the nirvana of trading protocols. Read tymjr's post above and tell all of us what you would have done in his situation with BEST. My point is that if you use...

paulb BEST has some serious problems-yours is another good example of why its a ticking time bomb. See the "How Good is Best" thread for other discussions of this trading protocol.

zboy2854A- I trade most liquid stocks where there is usually an ISLD bid or offer near or at the inside. So what do you do when there is no ISLAND bid near the inside? How do you get out? If you use BEST-you will get put into the SOES queue. And when SOES comes back...

fleance- Overall, it works well enough that I will continue to use it. The fact that to change Routes you have to create a separate order line makes this a big improvement for IB. You don't have to create a separate order line to change routes fleance- Before you hit the transmit...

J-trade While I agree with most of what has been said here about various seminars and such, I can highly recommend an online site called "DayTrading University" run by Ken Calhoun at http://www.Daytrading-University.com/. It's a self paced course-with a wealth of information. Although Ken is...

Klaorman: Does Tony Oz's book really say you have to wait for an execution with no way to cancel, or are those your words? Here's what Oz says about ARCA in a fast moving market("Stock Trading Wizard-p105) "If there is no ECN found at the specified price,...it will...

Klaorman- ARCA order sitting for 17 minutes. That's IB's software acting up,... Yes and no- No in the following sense: I spoke to IB about this and they say it was ARCA. According to Tony Oz("Stock Trading Wizard",p 105), in a fast moving stock, ARCA is its own worst enemy. The system...

Klaorman- Why would no pro trader recommend this type of order execution? Professional traders I have talked say that you loose control of your order when you submit it to an automatic execution system. You never know where it is going to end up. My experiences agree with this...

I would like to start a thread here about traders' experiences using the BEST or (BEST-ECN) feature of IB. My experiences with this have not been good so far but I would like to hear what others have to say about it. The BEST feature is supposed to find you the best price in a timely manner...