incredibly bad execution

I trade with IB now for the last 1 year.
Their direct Access platform is the best.
I never had a review problem. Occasionally when I typed a large quantity say 2000 instead of 20 option,it will immediately say Iam over the limit (avove 600k).No manual review!
I have traded options with Mr Stock & Dreyfus during 1998-2000.
Also OPtionsXpress in the recent past.
But paying just $0.75/contract (minimum $1) & 0.005/share is hard to beat.
If you want to visit branch occassionaly, may be brokers with branches like Fidelity,TD waterhouse etc are ok.
If you are a serious trader you have to consider IB.
I trade from a god forsaken third world Asian country in the middle of the night.
If I have un interrupted power & 128kbps speed internet I have to consider myself lucky that day!. I trade ER2 ,ES,SPY,IWM options (not index options) all the time.
 
Quote from sue1jeff:

i have complained repeatedly all the way up the food chain. their policy is that they can hold it as long as they want cause there is no rule that says they cannot.

they clain to aim for no more than 3 minutes or so but i had a market order once that took 9 minutes.

a person from schwab told me"we can stick it in our back pocket for a week if we choose"

after that i filed for arbitration which is pending.
More...
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Sue1Jeff/sue Schwab
Hope it works well for you with arb hearing;
& with those derivative delays you mentioned,
& ''we can stick it it in our back pocket for a week if we want''

Think i will stick with IB;
and let Schwab ''stick it [without me] in our back pocket for a week if we want''
And 3 minutes wouldnt suit me either:cool: ;
when its time for exit
 
Hopefully you've also opened an account at a broker that can give you price improvement (by sending orders to BOX). Anyone who's trading hundreds of contracts of sub-$1 index options can do much better with such a broker.
 
Sorry, but I have to ask this. What is unique about BOX and where can I find information dealing with the various exchanges in a review approach?

cordially,
 
BOX (and, also, ISE, to a lesser extent) offers Price Improvement on options, so while the buyer and seller can place orders on the normal 5 or 10-cent boundaries they can also say they'll go one or more cents higher or lower. The upshot is, if the spread is .95x1.00 and you place a buy order for 1.00, you may get filled at .98. I've traded thousands of option contracts at Schwab, mostly SPY, and have never gotten price improvement.
 
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