Breaking: Interactive Brokers lite commission free
- Thread starter ZBZB
- Start date
Out of curiosity where is smart routing getting these better prices? Isn’t s brokerage required to seek the best execution ( on lit exchanges)?
When I use to have an account with TD, it was quite common I got a .005 cent improvement on the offer if I was buying.
If bid was 9.99 and offer was 10.00 I’d send a marketable limit order and get filled at 9.995. They sold my order and to beat the queue they beat up .005 cents. I didn’t complain because I got a better price then I expected based on visible liquidity. I could argue that I probably could’ve got hit just sitting on the bid in those cases but I wanted in right away.
Wouldn’t IB already be getting kick backs from darkpools or wherever this Smart Route is getting better prices? Their getting the ECN rebates already for most clients that use limit orders.
When I use to have an account with TD, it was quite common I got a .005 cent improvement on the offer if I was buying.
If bid was 9.99 and offer was 10.00 I’d send a marketable limit order and get filled at 9.995. They sold my order and to beat the queue they beat up .005 cents. I didn’t complain because I got a better price then I expected based on visible liquidity. I could argue that I probably could’ve got hit just sitting on the bid in those cases but I wanted in right away.
Wouldn’t IB already be getting kick backs from darkpools or wherever this Smart Route is getting better prices? Their getting the ECN rebates already for most clients that use limit orders.
you got it
this is not a good thing for existing active users
they will need to allow trading with api or tws to compete with free brokers, or they will bleed customers over time
I'm hoping we would be able to use IB Gateway instead of TWS maybe.
i doubt you could. free commission is designed for non api.
I guess I will wait for Robinhood to provide the API then. That plus their free options would be a killer combo.
What if I want to keep BOTH platforms at the same time ????????
Free and Pro
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Free and Pro
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lol, a full 90 minutes after the press release and the stock price moves began
considering the 200,000 members here, that was a long time
