IB execute stop way below market price

K

kanwanxi

I bought 120 shares HELX @ $39.10 @ 09:44:08 04/28/06 through Supersoes (Actually I am using Smart Routing).
And 2 minutes late I got stopped out and filled @ $38.94 @ 09:46:40 04/28/06 through Island. But I checked the T$S in IB that the market price for HELX is bid: 39:00, ask:39.08 @09:46:40. Shouldn't I got filled @$39:00 instead of $38.94? This kind of problems happed several times these days. I am really confused and depressed. Would you please give me some idea? Thank you so much.
kwx
 
It is not very practical to use market orders with thin Nasdaq stocks, and a stop becomes a market order when elected. Depending on how anxious you are to do the trade, you are almost always better off working the order yourself.
 
Quote from kanwanxi:

I bought 120 shares HELX @ $39.10 @ 09:44:08 04/28/06 through Supersoes (Actually I am using Smart Routing).
And 2 minutes late I got stopped out and filled @ $38.94 @ 09:46:40 04/28/06 through Island. But I checked the T$S in IB that the market price for HELX is bid: 39:00, ask:39.08 @09:46:40. Shouldn't I got filled @$39:00 instead of $38.94? This kind of problems happed several times these days. I am really confused and depressed. Would you please give me some idea? Thank you so much.
kwx
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those numbers are within the market at that time. your stop was too tight.
 
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