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In this website link, someone strongly critiqued IB regarding forex. I saw a previous thread on ET that views IB as being borderline ECN. Is the critique below founded or not...

To Thorn and others: I would like to ask a simple question (with no bias either way). Given the weakness of the dollar, I perceive everything in the economy has to be priced at a percentage higher to reflect its true value. Why don't we say the same thing about stock prices?

http://economics.hertford.ox.ac.uk/Anthony/Active%20Traders.pdf

Quotein.com for $7 per month.

I believe if one would place an order now (after hours), when it's not at the exchange but by IB, you can cancel it after hours without a problem. I believe the problem exist specifically when the order is held by the exchange (maybe NYSE only??), and then you cancel after hours (or close to...

A) Fullproof? Does this confirmation mean it was removed from the exchange, or acknowledged by the IB system. Do you know about when that thread was? B) What about this idea? Configure-->Global Configuration--> Sound Manager-->"Order Cancelled". It will get you a beap upon cancellation.

Something very imp't to add, this is what the IB rep said in the chat: "Well like I stated you may want to contact us when you submit a cancel request for an order you want to be certain the order is cancelled".

The rep claims there is no trace of the cancellation requests either day. I sure hope there is no issue of trust (they did know of the problem from the moment the chat started). The rep did indicate that if the order is held at the exchange at the time of the close then it's often not...

It only shows the existing open orders. Last month, under the same settings it was showing everything.

Before. Never changed the settings from the way they always were.

Two days ago, it was after the close. Yesterday, it was about 1.5 minutes before the close. The stock is NYSE if that also has something to do with it??

WHen pressing "C", the "C" disappeared. Can the "C" disappear and you get no red and no confirmation? It does not disappear automatically seconds later, as sometimes it might stay for 10 seconds or more. BTW, where does one check this configuration?

Although we have checked "Create audit trail", it only shows outstanding orders and no trace of submitted and cancelled and fills for the day.

Today, a repeat of the same problem. We should have followed Bob's advice to change to Day orders instead of GTC default, but did not think it would be a problem here because cancelled BEFORE the close, yet the same problem. See new thread...

I am really upset. This is the second day in a row this happened. (First report: http://www.elitetrader.com/vb/newreply.php?action=newreply&threadid=83006). Two days ago, we cancelled an order AFTER the close, and the order went through the next day at the opening of yesterday. Yesterday...

Good advice generally speaking (I was actually wondering why the audit trail wasn't showing detailed info like the last time we used it; so it's becuz it's off). But it seems the problem here was the "C" disappeared, and because it was after hours nothing registered, and IB viewed the order...

IB shows no trace in their system of a cancellation. What happened is we pressed "C" and the "C" disappeared; that same order went through today. We had that problem once before intraday that the "C" had disappeared but the order went through 2 seconds later; we were told that was because the...

Has anyone experienced a problem with cancelling orders after hours? An order that we are certain we cancelled about 10 seconds after the close yesterday suddenly went through at the opening today--now at a loss.

Thank you all. A) Is this type of stuff up to the broker or up to the ECN/ exchange? B)_Any info regarding options?

The above software is for market makers. Anyone know of a retail version of the same thing, or for one sided market making?