IB execute stop way above market price

Quote from trader_rachel:

while I surely take responsibility for my trading actions - obviously you guys have not used the top line proprietary systems out there - and if you would did, you would not be happy settling for second best :) good luck to you :)
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LOL, Ever hear of a little firm called Timber Hill? The same systems are used for IB clients. If you think you have a firm that does a better job routing orders - good for you. For someone like me who has in depth knowledge of electronic trading and market making, I'm quite confident that Timber's systems are "top of the line" and will more than hold their own to anything else out there.
 
def - isn't it sad that they had such a good name - and look what they have done to their product - why don't all of you IB traders out there ask IB or "Timeber Hill" to see the back end and how your dataflow on your orders work - if when stops are getting elected, if you orders become the first ones in - and then go compare to a system like TT - and you will see the difference. If fact, if you put the two systems side by side - and enter the same stop orders on both systems (placing one the order on the great "Timeberhill IB system first") - you will see that most of the time the great Timber Hill system order will get executed second. And def since you work at IB - when we had an account there - and did question the order flow - how come there was no one their who wanted to help us (and our account there was in excess of 6 figures) - Whereas Timbell Hill might have been the first class system years ago - they have rested on their laurals for too long -
 
IB is the best broker I have come across for managing accounts for a few clients. Tradestation was crap in comparison - they dont even have bracket order abilities on futures.
 
Quote from trader_rachel:

ib has been unreliable with their stops compared to other systems for years - I think the reason is because they delay getting orders out into the marketplace once the stops are hit by a few fractions of a second giving the trading public worse fills on the slippage - so to all of you who do not care about slippage have fun trading at IB !
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This is such nonsense. I use stops all the time and never had a problem. Furthermore, I cannot imagine faster execution that what I have now.
On high liquidity futures like ES or ZN, I estimate the time from trigger to execution to feedback in 10-30ms (not measured) and no chance for any slippage.
On less liquid futures, such as QM (crude) or ZG (Gold), occasionally there is a slippage of a single tick, but you see clearly on book trader (market depth) that there was no supply/demand at your stop level.
 
Quote from zmui:

Does anybody have any experience with IB, where stop price triggered and fill way above market price but the fill price does not show on the chart? I trade DIA, and set stop at 110.80 but was excuted at 110.87, at that time the market price was 110.80/110.81, but does not show on the chart. I ask IB for an explaination, and they first said my fill price was at 110.78, then i reponded saying it is impossible, then they say they overlooked, and will not make adjustment to the error. They do not admit the error, and make no effort to correct it.
Is price sometime don't show on the chart? if it is, then is not their fault.
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careful with your complaints about IB,

they have three or four guys with about five or six ET usernames each, and they prowl these boards for comments that they deem unfavorable...


ever see what happens with the Broker Ratings lists.....
 
Quote from burdbrain:

careful with your complaints about IB,

they have three or four guys with about five or six ET usernames each, and they prowl these boards for comments that they deem unfavorable...


ever see what happens with the Broker Ratings lists.....
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hey burdbrain,
if you think we have the time to change aliases and make multiple posts, you are sorely mistaken. I'm not surprised that you posted the above comment that started this thread but sonehow omitted the comments that showed the fill was accurate. (here's one of them below)

zmui


Registered: Aug 2004
Posts: 9


03-16-06 12:55 AM

Quote from alanm:

Quote from zmui: [presumably buy of DIA at 110.87] I use prophet.net chart. The time of the fill was at 1.27Pm 3/10/06.

On my chart, the high of the bar starting at 2006-03-10 13:27 is, indeed, 110.87. Looking at T&S, at 13:27:34, AMEX printed 400 shares @ 110.87. At the time, INET's offer was down at 110.79, so this was probably a technical violation of the trade-through rule (by 0.05), though the order probably was triggered when the NBO ticked up to 110.81 (at INET) at 13:27:30, so it was only $0.03 above the $0.03 window. I suppose you might be due an adjustment of $0.03 from AMEX, but you may or may not get it, and, realistically, it's unlikely that anyone would be interested in pursuing it for such a small volume (400 shares max at $0.03 = $12).

Bottom line - your stop was run by a penny and then the market reversed. Happens to us all, all the time

You might think of excluding AMEX and NYSE from your SMART routing - DIA is plenty liquid on INET, and you'd have gotten filled at 110.81 or better on INET when the stop triggered.

I got all this from IB's interactive charts, BTW .

BTW, I was using line charts for this and got tripped up by something I forgot about. At the same time as the 4x110.87 print on AMEX, there was a 4x110.79 print on INET (probly the spec picking up a free $0.05 . DIA@SMART trades on a 1-minute duration line chart shows 110.83 (the average of the two trades) for that second, while a candlestick chart shows the 110.87 high. FWIW, myTrack does the same thing with line charts.




Thanks for you insightful explanation and your advice on excluding AMEX and NYSE from smart rounting. Since you say this happen to us all the time, I probably would not held IB liable. But i have being trading about 3 years, this is the first time it happened to me.
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Quote from burdbrain:

careful with your complaints about IB,

they have three or four guys with about five or six ET usernames each, and they prowl these boards for comments that they deem unfavorable...


ever see what happens with the Broker Ratings lists.....
More...

get bent,...u are delusional
 
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