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Probably, if he pays $1200/day on commissions...

So possibly the first order was not sent to an exchange (in which case nobody can see it). Or are you sure that the order was sent to an exchange?

In both cases you must have removed liquidity. On PHLX you pay for this (not for all options btw) and on BOX you get paid for this.

Simple solution: just connect to your computer at home that has TWS running...

Do you already know what happened? Stocks are up fortunately.

The stock can also trade higher on monday... The good news is that your position will be liquidated in a liquid market (10 minutes after market opening and assuming it is a stock with a market cap of at least few 100 million $). Therefore expected result = 0 (compared to selling options...

All depends on what order type you use. My experience is that non-marketable SMART orders are almost always executed at an exchange. And as almost all exchanges use rebates you have lower commission. For market orders it's a different story. No rebates and more often executed @ SMART (i.e. no...

You're talking about stocks? With unbundled you get lower IB commissions + rebate from exchange. If you use limit orders. Example for BATS, 1000 shares: unbundled: (0.0035 - 0.0025) x 1000 = $1 bundled: 0.005 x 1000 = $5 In case you remove liquidity unbundled might be slightly...

Demo system is quasi random data.

Here also some pics: http://www.nrc.nl/inbeeld/2011/08/05/paniek-op-wall-street/ I think you can make these at any day of the year...

Today I saw a higher than expected commission at an option trade that executed at the Boston Option Exchange. I expected a rebate of $0.45 per contract (as I clearly added liquidity) but instead got an additional fee of $0.65 per contract. The IB site actually shows that this is true, but I...

I just came across a link where this is confirmed: http://zerohedge.blogspot.com/2009/04/spy-have-become-hard-to-borrow.html

Still not available as of today.

“Excess-margin securities” are securities that have not been completely paid for, but whose market value exceeds 140% of the customer's margin debit balance. In this disclosure and in the relevant agreements, we collectively refer to fully-paid and excess margin securities as “Fully-Paid...

It is not clear to me what "fully-paid shares of stock" are. Say you have a margin account with a deposit of $100.000, and you buy 100 different stocks for a total of $100.001. Is any of these 100 stocks fully paid? Or none? Or 99?

Yes, but in that case the remaining problem is that broker commissions for directed orders are relatively high (probably most retail brokers don't even offer the possibility to direct an order).

LNKD is now on the short list with IB. http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=usa&tag=United%20States&ib_entity=llc&ln=&asset=&b=LEG&e=LOV

See link here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=220980

Can you please give a link? I can't find any. Here they say it is possible, only the underwriters of the IPO are not allowed to lend out shares for short sale for 30 days. http://www.investopedia.com/ask/answers/05/062905.asp

Especially the smaller stocks always seem to go to ISLAND. I can imagine 2 (different) algorithms for routing: - route to the exchange which is on average (over time and/or stocks) the most liquid - route to the exchange which has the best bid/offer for the specific stock at the moment...