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Shorting bonds was mentioned previously. Suppose I only have an equities and options account at Interactive Brokers. Is there a way to hedge a house in this case (i.e., shorting construction stocks or something similar?). What other types of instruments might you use? Thanks, Carl

No, it wasn't BRK/a. It was a stock trading at $33 and I bought it at $43 in pre-market trading. Again, I don't want to make any excuses for my mistakes. My point was that the playing field is not level in terms of busts - so be careful. As for IB standing behind me in a bust, it has been...

Yes, it wasn't right - I was in disbelief at the time. Note that I wouldn't be upset if the busts were treated consistently. I did everything I could to point out the problem to as many people at IB as possible. IB's response was that they have very little control over the busting process -...

It depends on the situation, but most of the time when I get a great fill from Instinet, BRUT, or BTRADE, I just don't bother closing it because I know it is going to be busted. And the bust is not optional - IB calls and just says "Instinet busted it." I wish I could look out for #1, but I am...

There is a NYSE guideline that prohibits "trading" in odd-lots. I believe you can try to abuse this rule, but the NYSE will figure it out eventually. This is the reason Interactive Brokers was forced to disallow the initiation of odd-lot NYSE positions several months ago (many IB customers...

1. If you are a retail trader and you get a great fill, then the trade will be busted. 2. If you are a retail trader and you make a typo, the trade will not be busted (unless it was executed on ISLAND or ARCHIPELAGO - then you might have an outside shot of a bust). 3. If you are a...

This may be off topic a little, but has anyone noticed that the TWS standalone version 768 is ultra-slow compared to previous versions? I am comparing it to version 765 and it seems like it is 5 times slower. Has anyone had this problem? Thanks, Carl

The trades at 8:55 were not possible because NITE was halted at that time. So they should be busted as well. See: http://www.nasdaqtrader.com/dynamic/marketwatch/mwsubhome.stm Carl

In my experience, the amount of time the other party has to break a trade depends on how erroneous the erroneous quote was. Normally, the other party has to call their broker within 30 minutes of the fill. However, for trades that are obviously typos, the other party can succesfully request a...

You can call the updateAccountTime() function when you start your program and then calculate the delta between what that function returns and your system clock. From then on you can query your system clock when a quote comes in and add the delta to it to determine the timestamp of the quote...

What are OO orders? On Opening? Seems like you could wait until quotes start coming from the NYSE (set up a ticker for a particular stock) and then submit your order when you receive the first bid or ask for the stock. At that point you could send it to BEST execution which in most cases...

Yes - I am using sockets to trade a stock account at IB. I find the API to be pretty nice. Carl

I got filled a couple of times in one day by Timber Hill a few days ago (March 26th). Carl

I am not certain and I can't find anything in writing. However, this has happened to me when I've been buying stock as well. An offer will be on BTRADE at a certain price and I'll try to buy it and my orders gets marked down to a different price. You could be right that BTRADE is the only ECN...

Hello, First off, I'm not sure if the problem I'm experiencing is a quote problem or a routing problem. I wasn't sure where to post my question - hopefully this is an appropriate place. During pre-market trading, if the BTRADE ECN is on the inside bid or ask, I'd say 90% of the time I...

Hey alanm, What restrictions are there on auto-quoting ETFs? What does "auto-quoting" encompass? Any links to these restrictions? Thanks, Carl

Hey def, I had a situation a few weeks ago where I needed to request a bust on a trade in pre-market. I usually find IB chat to be the best way to get help quickly. Unfortunately, the IB representative chatting with me told me that they could not bust trades over chat and that I would have...