IB: Is there a way to prevent all orders to route to NYSE

[Sky123987]

Quote from range:

In the past, I have excluded fills on the Amex by doing this:

Configure => Global Configuration => Smart Routing => Excluded Exchanges

Then enter symbol, security type (e.g., STK), and route.

this doesn't work for me FWB & SWB. I called IB and they said that this is for european exchanges

 

[vikana]

Do you know what FWB and SWB means?

Edit: I guess i finally found it. My assumption was that FWB meant
"F*** you, We got you by the B****", aka SMART

 

[NY0BScalper]

It's people like the original poster who allow for enveloping add liquidity algos profitable.

 

[Sky123987]

Quote from vikana:

Do you know what FWB and SWB means?

Edit: I guess i finally found it. My assumption was that FWB meant
"F*** you, We got you by the B****", aka SMART

lol
actually that seems more realistic FWB translating into that vs FWB translating in european

 

[Sky123987]

I just don't know why IB is so against routing your order so that you can park on the ECNs? They can still do their market making by taking your order off the ECN and matching it, vs taking it off NYSE

 

[demoship]

Quote from eveningtrader:

I don't mind getting a bad fill. I understand stop order get bad fill. My problem here is the order was executed 3 minutes after market open. There were trading pre market as well. Volume is not an issue for this stock because it trading 3 million on a daily average.

Even if it's thinly trade, say 100k/daily, market order should have filled instantly, yes, it will be bad fill, but it should be instant, no 3 minutes from now.

Gotta love the dumbfucks who trade and don't know the rules of the exchange...

 

[vikana]

Quote from Sky123987:

I just don't know why IB is so against routing your order so that you can park on the ECNs? They can still do their market making by taking your order off the ECN and matching it, vs taking it off NYSE

I agree. For me, it's at the point where I've begun looking at alternatives. I really want to be able to route to e.g. ARCA and cancel/replace without getting hit by huge fees. I probably cancel/replace 5-10 times per fill, so IB is simply not cost effective anymore. That's very disappointing, as IB in most ways is excellent.