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It’s not necessary true. They offer FastTrack upgrade for additional fee. This let’s you trade higher priced stocks and etfs. Could be. One of the reasons he gave was that licensing requirements makes it harder to get new US clients. In my opinion, the reason is cost of living in Latin America...

This is not the first time you mention PFOF as though it has anything to do with what happened. Selling order flow does not automatically mean the customer is disadvantaged. While I do believe brokers should be held to higher standards, it’s not their responsibility to make judgement calls on...

How far out?

Once the condition is triggered, they become regular orders. Don’t worry where your orders are sent, worry if you don’t get the results you expect.

Does this mean you are getting real time market data for all stocks? What about options market data?

https://www.instinet.com/

Discretionary doesn’t mean no rules. What was the problem(s) that you think the new approach will fix?

Because traders that need to utilize more complex features use Direct Market Access brokers which provide all the features available on every exchange. IB is somewhere in the middle and obviously very well positioned. Another reason brokers don’t provide these features is because “dumb”...

Hi looking forward to reading your journal. What does above mean - you may have up to 3000 positions?

Yeah but this is not normal and will revert. During high volatility, opportunities are plentiful. I am more interested in strategies that do well in quiet times.

So are we talking only a few opportunities in a normal year?

Well, I looks like you figured things out so we can close this topic.

Oh, don’t use FOK. You should not be charged for partial fills as long as you don’t cancel and resubmit.

Yes. Not all exchanges support this so I suspect your order is routed to unfavorable exchange. Twice in commissions or twice in fees?

Perfectly legal. The rate depends on broker and exchange. Sometimes broker will require you to have minimum fill rate - for example 3% of all orders should be filled. Most exchanges allow you to use cancel-replace orders which are faster and may not count as cancels.

No, not pre/post nor regular. If nobody can see your hidden order the only way for you to get filled is if someone hits the bid on arca specifically. There’s no routing involved and you may see trades happening on other exchanges at or below your bid.

Is that a fact? How do they know you are short selling vs. closing existing position?

An MOC order is an unpriced order to buy or sell a security at the closing price and is guaranteed to receive an execution in the NYSE closing auction. https://www.nyse.com/article/nyse-closing-auction-insiders-guide

Ask IB to provide you exchange order ids and call exchange directly. Sometimes exchanges themselves give you a bogus answer, just reality. Please let us know how it goes.

Yeah the stupidity of this rally is scaring everyone, so they want to smack it back to reality. But make no mistake, the Fed put is still there in case pullback gets out of hand. The country cannot afford declining stock market during this uncertainty. This is the new normal. Embrace it.