IB is ok. I almost always use BEST. The supersoes is really cool.
Best of all is IB commission and trading time.
Best of all is IB commission and trading time.
BEST_ECN Missing?
- Thread starter Trader01
- Start date
I will have to reserve judgement as to whether abolishing best ecn is an improvement or not... it may well be.. I switched to using best ecn after a good few bad delays on best ex which cost me a bit.. found best ecn to be faster.. faster than a speeding bullet sometimes! So will have to see...
What annoyed me is that IB did their 'who gives a stuff what the customer thinks' thing... I do not visit their site and plumb the depths of their pages every day so did not notice any such announcement there.. not mentioned on their bulletins on the platform.. not listed as part of the changes on the new version that I downloaded at the weekend... so I just logged on monday morning to find all my pages empty.. all set to best ecn.. so not one stock left on any page, no explanation. thanks a bunch... customer relations def.. customer relations.. pass it on
Neil
What annoyed me is that IB did their 'who gives a stuff what the customer thinks' thing... I do not visit their site and plumb the depths of their pages every day so did not notice any such announcement there.. not mentioned on their bulletins on the platform.. not listed as part of the changes on the new version that I downloaded at the weekend... so I just logged on monday morning to find all my pages empty.. all set to best ecn.. so not one stock left on any page, no explanation. thanks a bunch... customer relations def.. customer relations.. pass it on
Neil
mmm... I was under the impression that SuperSoes only fills immediately if and only if there are no ECNs at the inside... with ECNs at the inside, SuperSoes doesn't fill at all, according to the new order routing rules... or am I mistaken?
... the implication of which is that your assertion that SuperSOES fills immediately is not strictly valid.
This latest issue is kind of disappointing, given that I have seen improvements in their handling of some issues as a result of all the bitching we do 
Or maybe they're just listening to the survey (http://www.interactivebrokers.com/html/survey/march_survey.html).
Or maybe they're just listening to the survey (http://www.interactivebrokers.com/html/survey/march_survey.html).
[I received this in the email from IB today]
IB Notification-March 22, 2002
Dear IB Customer:
IB recently eliminated the Best ECN routing alternative for Nasdaq National Market Securities (NMS). Best ECN was originally offered to our customers because of complaints about execution delays in cases where IB's Best Execution system sent orders to Soes or Selectnet. Best ECN omitted SOES and Selectnet from the Best Execution routing logic, eliminating these potential delays.
Because of the introduction of SuperSoes, which immediately fills orders for Nasdaq National Market Securities, Soes and Selectnet are no longer available destinations for the routing of Nasdaq NMS stocks, eliminating the need of Best ECN for National Market Securities.
We will continue to offer Best ECN as an alternative to the Best Execution routing logic for Small Cap Stocks. This is because for Small Cap Stocks, Soes and Selectnet remain available routing destinations.
IB Management
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Fleance
http://www.geocities.com/afleance/jtws_feedback.html
IB Notification-March 22, 2002
Dear IB Customer:
IB recently eliminated the Best ECN routing alternative for Nasdaq National Market Securities (NMS). Best ECN was originally offered to our customers because of complaints about execution delays in cases where IB's Best Execution system sent orders to Soes or Selectnet. Best ECN omitted SOES and Selectnet from the Best Execution routing logic, eliminating these potential delays.
Because of the introduction of SuperSoes, which immediately fills orders for Nasdaq National Market Securities, Soes and Selectnet are no longer available destinations for the routing of Nasdaq NMS stocks, eliminating the need of Best ECN for National Market Securities.
We will continue to offer Best ECN as an alternative to the Best Execution routing logic for Small Cap Stocks. This is because for Small Cap Stocks, Soes and Selectnet remain available routing destinations.
IB Management
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Fleance
http://www.geocities.com/afleance/jtws_feedback.html