Fraud: Broker kind of "frontruns" client order. Reporting to SEC?

It would be interesting to know why GotherL and ajacobson are siding with the brokers?... :)
Are they somehow involved in this? :)

@GotherL, please stop spreading false information about how the orderbook functions, it's embarrassing.
Well show us screenshots of your orderbook. I doubt there is info that it was your broker sending the order at .30 otherwise you wouldn't even need to start this thread. You're just speculating.
 
Well show us screenshots of your orderbook. I doubt there is info that it was your broker sending the order at .30 otherwise you wouldn't even need to start this thread.
Of course can the broker order an outside company to do the very same thing (and hold back the original order of the client).... No net difference...

As said, I'll first wait for the answer of the broker to my support ticket, ie. on Monday we will know more from the broker.
 
Last edited:
Of course can the broker order an outside company to do the very same thing (and hold the original order of the client).... No net difference...


Sounds like you're just mad at losing money. (Like the way you came up with the theory I am involved with the brokers.)

Conspiracy theorist detected....
 
Last edited:
Sounds like you're just mad at losing money and coming up with conspiracy theories. Like the way you assume I am working with the brokers. Ok bruh!
Nope. I even haven't got the options yet as it still has not matched my Bid.
I'm mad b/c it would by now already have matched my (higher) Bid if it only were in the orderbook...
 
27 years at two of the largest options exchanges. You can see my entire bio at Marketwikis. The question was does every one of your posts flame somebody?
 
  • Like
Reactions: rb7
Ok, got a reply from the broker (I've sanitized it with "XXX" and also with "..."), and now my Bid is the best Bid in the orderbook! :

From: Message Center Client Services|Date: 11/26/21 6:58 PM Message available until 11/26/23.
Hello XXXXXXXX,

You would be correct the bid/ask should always reflect the best bid and best offer. I see what you mean ... . There may have been an issue with that specific exchange. ... If you ever notice where you should be the best bid and its reflecting something different give us a call so we can check with our trade resolution team as its occurring. They may have to reach out to the market maker to see what is exactly occurring and why you aren't being reflected. As of right now it looks like it is reflecting correctly ... but let us know if you notice something different on Monday.

We greatly appreciate your business and know you have a choice where you invest. If there is anything else we can do for you, or could have done better, please let us know.

We look forward to serving your needs for years to come.

Respectfully,

XXXXXXXX XXXXXXXXX
Trader Support, Trader Services

......
 
Ok, got a reply from the broker (I've sanitized it with "XXX" and also with "..."), and now my Bid is the best Bid in the orderbook! :

What comms are you paying for that option trade? Is it very cheap due to PFOF? It sounds like the order went to a market maker first before they decide where to send it. They could claim that they want to avoid locking the markets , tons of reasons they can use because each option exchange can have their own shitty rules that benefit the big players. The entire market is rigged that is why i'm praying for the fair put to put an end to all this bullshit once and for all. Once your fair put is more accurate than black scholes only you will be the one quoting because everybody will have wrong prices and you can pick them off one at a time.
Griffin sells options market making to thecoder for pennies on the dollar as he can no longer compete.
 
What comms are you paying for that option trade? Is it very cheap due to PFOF? It sounds like the order went to a market maker first before they decide where to send it. They could claim that they want to avoid locking the markets , tons of reasons they can use because each option exchange can have their own shitty rules that benefit the big players. The entire market is rigged that is why i'm praying for the fair put to put an end to all this bullshit once and for all. Once your fair put is more accurate than black scholes only you will be the one quoting because everybody will have wrong prices and you can pick them off one at a time.
Griffin sells options market making to thecoder for pennies on the dollar as he can no longer compete.

I see the same thing no PFOF here (supposedly)
 
Back
Top