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The remainder of your order was rerouted by ARCA to SuperDOT (NYSE) or possibly a regional exchange or Nasdaq Intermarket market maker if they happened to quote a price superior to NYSE.

Not sure about ARCA, but REDI has to different kinds of limit orders (LIMIT and LIMIT OR BETTER) that will yield different results in this particular situation. A LIMIT order will sweep all market participants within the limit price range concurrently while a LIMIT OR BETTER order proceeds one...

For Nasdaq trading TMBR is a real blessing as it tremendously increases the liquidity available at the inside - similar to PRIMEX when it was still included in SMART routing but without the nasty delay when there's no liquidity. Price improvements from TMBR are quite common too. In fact I've...

It's not a component, it describes the Bell curve. Of course the results of operations assuming a normal distribution and assumptions as to the probability significance of certain standard deviation multiples will only hold if the data sample in question in fact conforms to a normal...

A C permit is pretty much the equivalent of a green card. It never expires (unless you give up residency in CH for an extended period of time) and allows you to do pretty much everything (starting your own business etc.) except to vote. A B permit is tied to a specific employment contract and...

I tnoiced that when a MC or Universal account is opened via IB UK they don't require an IRS form W-8BEN or other applicable W-8 to be filed which is necessary to claim tax treaty benefits. This can mean one of two things: Either IB would be required to do full backup withholding on those...

I'm trading from Switzerland most of the time (US markets exclusively) as I currently live in St. Gallen. As for connectivity, unless you choose to live in a chalet somewhere up in the mountains where you'd have to rely on a satellite uplink ADSL and cable availability is pervasive. And if...

Looks like at least I'm not alone with this neverending frustration. I was offered to beta test the new Universal account and I'm finding myself now entering my third week of unsucessful attempts of trying to get those people at IB UK to be able to read the documents I fax them. What is most...

I've used TWS from lots of different places in the world over the last few years ranging from Egypt to Brazil and have never experienced any problems. As long as you can get at least a 24k connection you should be fine. dave

Why pay a subscription fee for a simple systems integration solution like integrating a charting package with TWS order entry? This is not reocket science. I don't know about eSignal but I've integrated QCharts with TWS for my trading many months ago. This enables me to submit orders directly...

The exchange of UDP packets with the servers is used to determine ping times for the various servers in the continuumclient.ini file and decide which server to connect to. dave

What he is talking about is the various regional exchanges as well as Nasdaq Intermarket (NASD/CAES) that are active in most listed stocks. Until May 2001 it used to be possible to trade with all regional exchanges as well as any Nasdaq Intermarket MM via ARCA. Currently it is only possible to...

Just set up a spreadsheet to provide converted streaming quotes. ECY is the symbol for cash Euro/USD fx. Most quote packages come with a DDE link for excel integration that will let you do this. Dave

BTW while the option analytics that come as part of IB's TWS do not offer position graphing they go way beyond what the analytics provide that come with most quote services. IMO TOS's advantage on the software side isn't that great. Dave

IB has recently added additional logic to their BEST routing that internalizes splitting of mixed sell/short sell orders and ensures that the short sale portion is handled accordingly. Concerning the overfills, given the kinds of bugs I've come across with IB's BEST routing in the past I...

David, could you please suggest that they add a separate Direct+ route so that customers have an explicit choice as well? Thanks, Dave

What route are you talking about? BEST or NYSE? Your example doesn't necessarily imply that Direct Plus was involved. Or did you verify the NX indicator on the tape? It may just have been a specialist or clerk with a fast trigger finger. Quote decrementation can be automatic on specialist...

No, this means adjusting your overall percentage indication of where the market (SPX) is going to open for each individual stock according to its beta. Unadjusted the indication only really applies to those stocks with a beta of 1. E.g. if the SPX is set to open up 0.5% statistically you...