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I have noticed that IB sends an inordinate amount of my SMART U.S. equity option trades to PHLX. I take it PHLX gives some kind of advantageous commission structure to IB? I tend to trade less liquid options in swing or longer-time frame options, and so I simply walk up my offer over a random...

It's a non-spousal inherited IRA, so it can't be rolled into one's own. But it can be stretched for the lifetime of the beneficiary, with RMDs commencing immediately.

I appreciate all the replies! I'll take a look at TOS in particular and Lightspeed, depending on what Robert has to say. Re: the issue of titling: As elt894 notes, IB evidently titles inherited IRAs as, for example, "John Smith of the IRA of Sarah Smith, Interactive Brokers LLC Custodian." But...

Does anyone know of a good brokerage that allows someone to link -- i.e., rapidly switch between, on a single trading platform -- a typical cash account and an inherited IRA account, both held by the same individual? The idea would be to be able to seamlessly shift between the two, depending...