IB OPG orders

Sure that works, but its a pretty silly way of determining if you have a fill or not from your broker.

Let's further suppose that you send 300 OPG orders. Your quotes limit at IB is 200 symbols. So now you're foced to go to an outside data feed and request primary exchange only quotes just to determine in a timely fashion if your broker got an order filled? Hilarious.

It isn't 1985 anymore...in an industry where everything is now measured in milliseconds, IB wants to get back to you in 5 mins or so on a fill/cancel...hahahaha. IB needs to hire a couple traders to sit with their programmers...the more experience I have with them, the more convinced I become that is not the case.

(sprstpd - this isn't directed towards you...i know you're equally frustrated)
Quote from sprstpd:

Right now you would have to subscribe for ticker updates for that symbol using the NYSE exchange, not SMART. When you get the first quote from the ticker update, you would know the stock was open for trading at the NYSE and you could cancel the OPG order programmatically, then submit your next order.
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Quote from bs2167:

Let's further suppose that you send 300 OPG orders. Your quotes limit at IB is 200 symbols. So now you're foced to go to an outside data feed and request primary exchange only quotes just to determine in a timely fashion if your broker got an order filled?
More...

I hadn't thought of that - it is a good point. IB needs to reconsider this flawed decision. Perhaps IB could invest in the infrastructure needed to support immediate OPG cancellations. Or maybe send out cancellations of OPG orders on a lower priority basis. 5 minute delays are pretty much unacceptable.
 
Hi guys,

I posted this question in another thread but didnt get any answer yet. Do you have an idea how to deal with that?

saico

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Hi,

today I had to send some odd lot market orders for NYSE stocks shortly before the open. I have my TWS only to send and execute orders between 9.30am and 4.00pm est. Default order routing is SMART. I was wondering why my orders didnt execute immediately right after the open, since I did not route to NYSE exclusively where I had to wait for the specialist to open the stock. So it took 3 minutes till I got my fills. Any ideas?

Thanks in advance!

saico
 
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