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  1. J

    Schwab cuts commissions to zero on US stocks, options and ETFs

    When brokers make money off of selling order flow, is frontrunning occurring or does it just mean you can not take liquidity?
  2. J

    SEC Rule 201 (Uptick) Clarification

    Yes that makes sense. I am not sure why I was filled at a price lower than the last trade. I was able to find the time and sales for my trade. I sold the 20,46,4 shares at 38.71. The stock's last trade was 38.84 and I submitted a market order when it was 38.69/38.85. I think I was able to get...
  3. J

    SEC Rule 201 (Uptick) Clarification

    Thank you. If the last trade is an uptick, then I can submit an order after the tick took place and hit the bid? Also do you know if I am supposed to get an immediate fill if the last trade is above the current best bid. For instance if there is no liquidity and XYZ has last trade of $10.00...
  4. J

    SEC Rule 201 (Uptick) Clarification

    Thanks. I use Interactive brokers. I have a choice of where to route orders but I always smart route it. Do you recommend direct routing to the primary exchange?
  5. J

    SEC Rule 201 (Uptick) Clarification

    Often I will place a market order to sell a stock that has SEC Rule 201(uptick) and it takes up to 20 minutes to get filled. Sometimes, I will even see it go up a tick and still not get filled. However, with some other stocks , I will get filled instantly at the bid without having to wait for...
  6. J

    NYSE Imbalance and Paired-off information

    The NYSE website states that, "8:30 am - 9:00 am Imbalance and Paired-off information is disseminated every 5 minutes for each security 9:00 am - 9:20 am Imbalance and Paired-off information is disseminated" My question is that if order imbalances are seen at 8:30am, what is to stop the market...
  7. J

    How to find Amount of Trades / AVG Trade size?

    Sorry, I think I may have done a bad job at explaining what I am looking for. I am not looking to find this information on my own trades. For example, I am on a trial service right now that shows APPLE traded 54,069 times with an average trade size of 114 (11:42am).
  8. J

    How to find Amount of Trades / AVG Trade size?

    Does anyone know how to find on Interactive Brokers or any other platform, the amount of total trades along with the average trade size for each stock?
  9. J

    Quote-Driven vs Order-Driven markets

    I am reading that the Nasdaq is a quote-driven market while the NYSE is order-driven market. “An order driven market is a financial market where all buyers and sellers display the prices at which they wish to buy or sell a particular security, as well as the amounts of the security desired to...
  10. J

    MidPrice Orders

    IBKR has a new option, Midprice orders. “To achieve the midpoint price or better, the MidPrice order is routed to the exchange with the highest probability of filling as a Pegged-to-Midpoint order, or in the case of IEX as a Discretionary Peg (D-Peg) order. If no such exchange is available...
  11. J

    looking to build a custom trading algorithm

    I am looking for someone to build me a custom trading algorithm. Does anyone recccomend any developers? Any help would be greatly appreciated.
  12. J

    Getting filled on an uptick with IBKR

    Both Smart Routed on IBKR
  13. J

    Getting filled on an uptick with IBKR

    Both were "SMART" Routed and the VWAP had a limit as well
  14. J

    Getting filled on an uptick with IBKR

    Hey everyone, Today, there was an uptick rule placed on a stock. I had a VWAP that was placed to sell x amount of shares. In addition to the VWAP,I had a limit order (placed below the bid), on Interactive Brokers, to sell the same stock. The VWAP was getting filled when the Limit order was...
  15. J

    Stocks trading between bids and offer

    Hi Guys, I have a quick question about Bids and Offers. I was watching a stock today on interactive brokers and noticed that the stock was trading between the bid and the offer at times without hitting the bid or taking the offer. How is this possible? Are these trades getting filled by...
  16. J

    Conditional orders

    If I place a conditional MOO on Interactive brokers, will I get filled on the Opening Auction or will my order be executed as a "day order" instead. For example, lets say I place an order to buy 100 shares XYZ with a condition that the stock percentage is < 0.....If the stipulation is true...
  17. J

    Averaging trades on Interactive Brokers

    Thanks, do you know the name of the feature for averaging down?
  18. J

    Averaging trades on Interactive Brokers

    Is there a way to place a trade on Interactive Brokers that will only execute if a trade goes a certain percentage in my favor? For example, If I buy 100 shares of XYZ at $10....Is there a way to place a trade that will purchase more shares once the trade goes 5% in my favor and hits $10.50?
  19. J

    Question about OPG orders

    ok Thank you, do you know of any way to obtain the order book for the opening auction?
  20. J

    Question about OPG orders

    Got it but lets say I place a large order on the open, and there is very little volume will my order just not get filled or I would hit a bid/offer at a price that doesn't reflect the stock For example, if the average volume on a $10 stock is 5,000 and I place an order to buy 100,000 shares...
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