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About your point that you don't believe IB keeps the price improvement for itself. Could it be that IB gives you the fill with Timberhill, and the millisecond later scanning for an arbitrage opportunity (i.e. the price improvement that you missed)?

I sure hope someone else can verify this, and that IB would take responsibility today without hastle.

I thought that "smart" also meant Timberhill? Am I mistaken?

A) What would be the impact on the speed of order fills if IB adds this to their algorithm if first thing first they scan for other things? If this point has been the cause of hesitation by IB, then perhaps that can be offered for the customer to choose which he prefers. B)I agree with you...

If you are buying at the ask with a $.05 spread & selling at the bid, you are giving away $.025 each direction. If you buy 50 contracts, you are giving away $250 each day--assuming the cost is no extra versus stocks. If you are very sure of the direction of the stocks should be IMO the only...

Can there ever be a situation that one can get an after-hour liquidation on stocks with IB? It would seem to me this question would only be relevant to a stock which the intraday & overnight margining are the same. If this concern exists, then it would seem possible for a stock that closes at...

Can you share what your thoughts are?

(For Jim, or IB, or anyone) Does the smart route issue that you mention also explain the reason for lackings in getting price improvement? Or does IB actually get the price improvement & not pass it on to the customer?

It seems there is a difference of opinion if the issue is illiquid markets or if the issue is NYSE?

Thanks.

It was a stop order that would be triggered if the stock opens at or below a certain price, and it would sell stock at market. I don't know what you mean in your second paragraph, and if it still applies (after the clarfication I made).

I know someone who uses one of those brokers you mentioned, who has several times taken MAJOR positions in low volume stocks, and sold long term covered calls, and each time the stock tanked, even though each of those stocks had real good fundamentals. The same applies for daytrades for...

I placed a trigger order that was held at the exchange, which they did not execute on a timely basis. It was a stop loss market order that took 8 seconds to go through, and by that time the other part of my order, which was supposed to get cancelled, already went through. My broker offered to...

My impression is the same. What do you mean by monitoring the above?

For first year traders, blaming "other people" is YES very much in place. For experienced traders, I agree.

Can anyone suggest ideas how to avoid MM's as your counterparty? It seems commonplace (for situations that the stock can go either way*) that the stock always turns against the latest retail trader taking a position, whether short or long. Please share your comments about A) what broker you...

Could it be with odd lots they can take their sweet time?

You missed the point. That was a trigger to a big order.

Price was no problem because it was a market order, size was no problem because it was the minimal size, i.e. 1 share.

Anyone??