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do you IB customers have difficulty to short in down side?
- Thread starter emk662
- Start date
On IB it works fine.
However, the delay with short sale is usually the short sale rule, not the broker [although 10 minutes is a lot, I hope the stock was very illiquid and explains it].
It depends also what kind of limit you set to the order. On IB and NYSE, if the stock is liquid, I put in a market order for the short. I noticed market orders are faster and do have price improvement if the size is not too big.
No market orders in illiquid stock or Naz for me.
In a tanking stock, the uptick rule can put you on hold for a while. Well.. it does mean you come for the shorting too late ! Uptick rule sucks.
However, the delay with short sale is usually the short sale rule, not the broker [although 10 minutes is a lot, I hope the stock was very illiquid and explains it].
It depends also what kind of limit you set to the order. On IB and NYSE, if the stock is liquid, I put in a market order for the short. I noticed market orders are faster and do have price improvement if the size is not too big.
No market orders in illiquid stock or Naz for me.
In a tanking stock, the uptick rule can put you on hold for a while. Well.. it does mean you come for the shorting too late ! Uptick rule sucks.
EastBoy,
We can place the short order whatever the condition. However, execution is handled according to SEC rules [when using best exec feature]. That's why for NYSE I make it a market order to speed up the process. Of course I would watch closely what happens ready to cancel if needed. If I can't watch or trading Naz, then I send a limit order of course.
We can place the short order whatever the condition. However, execution is handled according to SEC rules [when using best exec feature]. That's why for NYSE I make it a market order to speed up the process. Of course I would watch closely what happens ready to cancel if needed. If I can't watch or trading Naz, then I send a limit order of course.