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I agree, but previously IB had always bundled the SEC fee into its commission rate. Now, they have separated it out which is not how it used to be. I'm just curious if they notified anyone before they implemented this change in policy. I would have preferred to know in advance because my trading...

So I am not the most observant person, but I noticed today on my IB TWS that when I sell or short stock, I am paying an extra few cents in commission compared to what I'm used to. I've been trading with IB for a long time using their "Flat Rate." I did some research and on their commissions page...

My guess is that different exchanges charge different fees and with SMART routing, IB is able to route to the lowest fee venue while still getting the best price, thereby saving on fees. If you direct route, they can't do that - thus the higher price.

You should have gotten warnings from IB about this. Something like this: So this is probably your problem.

Not related. I believe hidden orders have less priority at equivalent price levels than regular orders. Hidden orders are the only way I know to avoid the annoying pennying robots.

Probably not, but I control my risk much better than he does.

HFTs would just be replaced by something else. Don't think that HFTs are keeping this market together. And don't think that HFTs will be waiting to fill your orders when a market dislocation happens.

You have got to be kidding me. There is a certain size showing on "the market." You put in an order to take that size. Because of the way HFTs operate, you only get maybe 10-25% of the size you wanted. And you think that is a functioning market? That's a complete sham (well actually it is a...

Yes, you may be correct in one sense. But "your" market is not a "functional" one in the sense that the National Best Bid and National Best Offer are illusory then. And if you were designing a market structure from the ground up, "your" market would not be the obvious design choice.

Maybe you should try to understand what Michael Lewis is saying and then you'd realize how ignorant your statement is (9 retail investors going for the same 1000). Or maybe you are an HFT shill too.

Ah, so as long as you have 10 million dollars, then you'll be on equal footing with all the other HFT front-runners? Yes, seems totally fair. Route all your orders to IEX.

What a joke. This guy sweeps under the rug every technical accusation brought up in the book. The fact that I have a 1,000 share order (as a retail investor), and there is 1,000 shares to be taken and yet I only get filled on 100 shares and the other 900 disappears is not a problem? This guy is...

Okay, so Steve Ehrlich says that it is a problem that orders disappear when you try to execute against them but then he says the market isn't rigged? Somewhat contradictory. He seems like a shill for the industry. And Stephen Roach comes off as a complete idiot who shouldn't be involved in...

The real question is, how do I, as an individual trader/investor, get to trade on IEX, the exchange that has built-in delays. Can I do it through Interactive Brokers? If so, how? If not, why not?

It is such a pain in the butt dealing with wash sales if you are an active trader that it seems like the best options are: 1. Never have a losing trade. or 2. Declare mark-to-market accounting for securities trading (see Green Trader Tax for specifics - this assumes that you can be...

Just dabbled with it. I wanted to try out the Aporia editor for it just to check it out but I would have to recompile the latest head of nimrod for that to work on my machine. Since I am tight on time for the moment, I have pushed that aside for now. It definitely seems like an interesting and...

That's okay. Cramer is always right until he isn't at which point he rewrites history.

Even if Cramer is wrong he'll later say he sold at the highs so it's no sweat off his back.

Check out nimrod.

I don't think that is correct. Not a tax expert though.