IB and IEX Discretionary Pegs

[Tim Smith]

Anyone have any insight as to why IB are not yet supporting IEX Discretionary Pegs that were released a year ago ? Not much info forthcoming from IB Customer Service.

 

[d08]

Many people have been asking the same question, myself included. There are no answers from IB.

 

[Tim Smith]

d08,

Their first reply to me was "we don't support it", so I replied back asking any plans, their reply was "no plans to implement it".

Certainly reads to me as if someone at IB has made a pretty firm decision to never implement it ?

 

[d08]

They're afraid no-one would use SMART after DPEG because my fills on IEX in general are definitely better, DPEG on IB would make IEX even more popular.

 

[Tim Smith]

To revive an old thread (and to celebrate the exchange launch !) , those interested in trying to persuade IB to implement IEX DPEG may wish to vote on this IB feature poll suggestion: https://www.interactivebrokers.com/en/index.php?f=2493&sid=11633

 

[just21]

Alternatively email ibmgmt@interactivebrokers.com TP himself replied once.

 

[Tim Smith]

Alternatively email ibmgmt@interactivebrokers.com TP himself replied once.

Thanks @just21, was not aware of the existence of that email !

 

[d08]

Has there been any news on this?

 

[J.P.]

What brokers support IEX DPeg now?

 

[Tim Smith]

Has there been any news on this?

@d08,

Regrettably nothing of note so far.

6 votes on the feature poll, average of 5 stars, which is great ... but no comment or progression from IB side on the poll

I tried ibmgmt@interactivebrokers.com as someone suggested above, I can only assume my account is not large enough to merit a reply as all I've had so far is radio silence.

If I can find another means to get the message through I'll try that, maybe a handwritten letter ?

Its a great shame. Don't get me wrong, its great IB have enabled IEX access, but I can't imagine it would take an inordinate amount of time or effort to add D-PEG access. And failure to do so is, as usual, only at the detriment of retail traders.