IB driving me crazy!

[alanm]

Anyone who tries to trade:

1. Odd-lots
2. Of an ETF
3. Using an auto-router
4. During a fast market after a major news event like FOMC

will get disappointing results more often than not, no matter where you trade.

I wonder how a one-lot trader in the bond pits does during a similar market. Or a floor-trader with a couple hundred for sale does at the NYSE when bad news happens in the middle of the day. I doubt either expects much better.

Without regard to whose fault it is, it's simply unrealistic to expect to be able to do it. I try to spend my time finding things that _do_ work, or can reasonably be expected to be made to work.

 

[youarefired]

I have no intention of changing broker. I just wish IB would make life easier not more complicated .

Hopefully IB will look into the SMART algorithm and the quotes . alanm is probably right, the odd lot order must have blocked the order from being executed. That is one thing IB should examine.
How come when you send an order in after hours it routes to the wrong exchange? that's another thing. Imagine losing your shirt in 5 seconds in GOOG because of an order sent to the wrong exchange. How many things do you have to keep in mind when trading with TWS ?


trigger outside RTH checked ?
no odd lot with SMART
ECN only during annoucement
bonds RTH = NYSE RTH
stops will not trigger with SMART if quotes are crossed or locked
IDEAL pro stops trigger differently etc etc.
and at each new release any of your order settings may have been altered during the upgrade

 

[bandit77]

Funny, I have a new account with IB, and started trading with it today as well. I could not be happier with the execution. Even right after the FOMC announcement. Extremely fast, and good quality fills.

Quote from youarefired:

I lost 40 cent+ on an ETF order after FOMC using SMART, it was an odd lot.
40 cent during the time I sent the order and I liquidated the position.
Does IB SMART handle odd lot as well? doesn't seem like it! at least it should have executed the order partially
marketable limit order, market order nothing did it, had to reroute to an ECN
SMART is f*cked not long ago I had the same problem with a stock, no execution at market , had to reroute. I am not eventalking abouyt after hours orders, SMART sends to the wrong exchange, have to find out where is the stock offered and reroute


TWS is using more and more resources pretty soon I will have to trash that 512 MB machine

 

[zdreg]

"started trading with it today as well."
if i understand you correctly one day's experience qualifies you to give an opinion.

 

[stock777]

I have not noticed any problem using smart, for regular or odd lots.

You would have to specify exactly what etf it was and where the price you THINK you were supposed to be getting existed.

Sending to the AMEX is problematic under the best of conditions. And Im sure you didnt get 40 cents slippage in SPY or any other liquid ETF

 

[bandit77]

2 days now. extremely good broker for the price.

Quote from zdreg:

"started trading with it today as well."
if i understand you correctly one day's experience qualifies you to give an opinion.

 

[jkhek21]

Global Futures offers 24 hour tech, margin and order desk support to all our clients and prospects with a live operator, we also offer a variety of trading programs from X-trader to J-trader and Strategy Runner and many more, you can sign up for a free trial with live data for each of our trading programs, low commisions, 500 dollar day trading margins for es,nq,er,ym, for traders who are doing large volume we can offer a better rate then IB for more info please call my office at 1-877-367-3177

 

[JayS]

Quote from jkhek21:

Global Futures offers 24 hour tech, margin and order desk support to all our clients and prospects with a live operator, we also offer a variety of trading programs from X-trader to J-trader and Strategy Runner and many more, you can sign up for a free trial with live data for each of our trading programs, low commisions, 500 dollar day trading margins for es,nq,er,ym, for traders who are doing large volume we can offer a better rate then IB for more info please call my office at 1-877-367-3177

Can you also offer equities, equity options, and an ecn based fx in addition to futures?

When you do let us know.....