Anyone else have bad US equity options quotes from IB??

this is annoying...

now if i want to trade with a quote that is not displayed by TWS, i have to either lock that quote and hope i get filled or route directly there for an extra 0.95 per contract, doubling the commission per trade...

hey metooxx, can i call you up any time i lock the market to see if you want the trade?

:mad:
 
BOO...

Heard complaints from my friends. Told you it is possible that quote and execution are manipulated by agents. I am not saying it is happening. It is just very possible.

:p
 
Quote from bungrider:

this is annoying...

now if i want to trade with a quote that is not displayed by TWS, i have to either lock that quote and hope i get filled or route directly there for an extra 0.95 per contract, doubling the commission per trade...

hey metooxx, can i call you up any time i lock the market to see if you want the trade?

:mad:


I noticed this last week that market depth window showed quotes and size that did not agree with quotes in SMART. I put all exchanges on the screen to see if it was possible to hit the best direct. Answer is yes but you're correct that it costs more. Also correct that it's BS.

I'm glad you posted this because I was beginning to think there was something (else) in this game I didn't understand.
 
If you guys feel strongly about this then you should send your complaints to IB management. I did last week. The more they hear about it the better chance it gets fixed.

Make sure you let them know that auto's are often available and not only do you not route there but you don't post the quote in the SMART quote.
 
Quote from mskl:



The problem is IB has decided not to broadcast quotes that are not flagged with auto executions in their SMART quote.

IMO, not a good move, considering the flags are often incorrect. I've sent something to IB managament but so far it appears that they will not change.
:eek:

nitro
 
Quote from mskl:




You don't rely on IB's quote (get an alternative data feed). And you have to direct orders (paying twice the commission) when auto's are available but IB won't route there because the flag is wrong. (Mainily happens at the CBOE).
The problem is, the good ones cost a fortune.

Out of curiosity what do you use?

nitro
 
Quote from nitro:


The problem is, the good ones cost a fortune.

Out of curiosity what do you use?

nitro

mainly TAL (OPTRECO server - a new server designed for options)
 
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