Interactive Brokers Smart Routing

Quote from def:

Another ill-informed post. IB doesn't internalize. Odd lots are a different issue which and catering to those trading less than 100 shares isn't our main focus. IB SMART doesn't route multiple working orders at different exchanges as it needs to avoid overfills. However, it will move orders from one routing venue to another if it can achieve a better fill. The execution and price improvement stats are readily available and the latest independently audited stats show that IB's price improvement for US shares was 27 cents better per hundred shares than the industry.

Can I intentionally park orders in those dark pools you mention?
 
Quote from def:

You're quite good at serially complaining where you don't have all the facts, understanding of scalability nor mention better alternatives. How about you PM me some examples of missed trades. I suspect there aren't many - and do not point out odd lots as they are a different animal all together.

All the while, do keep in mind that we have a team of people that do optimize our code and have the benefit of analyzing execution statistics for millions upon millions of trades. Somehow with all this ineptness, IB's routing still beats the industry significantly with quality of execution.

I'd suggest you get into the HFT game yourself. It will certainly be a more profitable use of your time given the extreme wealth of routing knowledge implied in your posts.

Def, you know that i'm big complainer ,but i can't have the all facts..the only fact's i know is what happens on my side.. i don't know what is going on on IB's side..:D


but i usually complain for a reason(see picture above)..and i think it's good,because many times those issues actually been fixed,after i point on them. Dav can confirm that,cause i report them to him directly for years.. and you right about another thing-i may not like many things\bugs\issues\the way things works in TWS,but there is no alternative to IB and we both know that. this is why after all screaming and yelling i still with IB for all those years..and i agree that IB execution(if you buy @ ask) is superior to other brokers.
 
Quote from def:

You're quite good at serially complaining where you don't have all the facts, understanding of scalability nor mention better alternatives. How about you PM me some examples of missed trades. I suspect there aren't many - and do not point out odd lots as they are a different animal all together.

All the while, do keep in mind that we have a team of people that do optimize our code and have the benefit of analyzing execution statistics for millions upon millions of trades. Somehow with all this ineptness, IB's routing still beats the industry significantly with quality of execution.

I'd suggest you get into the HFT game yourself. It will certainly be a more profitable use of your time given the extreme wealth of routing knowledge implied in your posts.

Wouldn't you love to call customer service at IB and talk to someone like def?
 
Quote from Roark:

Wouldn't you love to call customer service at IB and talk to someone like def?

Why not? With over 25 years experience on the tech, trading and brokerage sides (all with IB and TH), as well as someone who regularly deals directly with top level management at a number of the Asian and US exchanges, I think I can talk with some authority.

As to my post, many will surely disagree with my response but it is tiresome to read complaints saying we "don't are about this" or "XXX is a joke" etc etc when they fail to point out that we are the best on the street at doing what they are complaining about in the first place. Things need to be put into a proper perspective. Behind me I see a team of people working tirelessly to put out a great product. In any event, given my position perhaps I should be diplomatic all the time. Unfortunately I'm human and my patience wears thin - especially when I believe public statements made on forums have no merit.
 
Quote from def:

Why not? With over 25 years experience on the tech, trading and brokerage sides (all with IB and TH), as well as someone who regularly deals directly with top level management at a number of the Asian and US exchanges, I think I can talk with some authority.

As to my post, many will surely disagree with my response but it is tiresome to read complaints saying we "don't are about this" or "XXX is a joke" etc etc when they fail to point out that we are the best on the street at doing what they are complaining about in the first place. Things need to be put into a proper perspective. Behind me I see a team of people working tirelessly to put out a great product. In any event, given my position perhaps I should be diplomatic all the time. Unfortunately I'm human and my patience wears thin - especially when I believe public statements made on forums have no merit.

Your bedside manner is a little rough. There are many legitimate complaints about IB. Software is routinely shoved out the door that has not been adequately tested. I dread software upgrades from IB. IB also needs to work on the reliability of it's data feeds, as in feeds suddenly cease working for no good reason. You need an example? How about the Kospi data feed this year? See http://www.elitetrader.com/vb/showt...215053&perpage=6&highlight=kospi&pagenumber=1

Maybe you should post less and spend more time on quality assurance.
 
Quote from Roark:

Your bedside manner is a little rough.

If I was responding to a legitimate complaint or statement that wasn't insulting perhaps my beside manner would be different. Do note that the title of this thread is SMART routing.
 
On the subject of lack of quality assurance from IB, no Kospi data today and nothing on IB's calendar about the Korean markets being closed:

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3179596">

Post less, improve quality assurance, and lose the attitude.
 

Attachments

Quote from Roark:

On the subject of lack of quality assurance from IB, no Kospi data today and nothing on IB's calendar about the Korean markets being closed:


Post less, improve quality assurance, and lose the attitude.

This is the last I will reply to you on this Smart Routing Thread. Most people in Asia know it is Buddha's birthday. In an hour will you also complain that there are no quotes on the HKFE?

While the events calendar is not up to date, the FX tab shows the bank holiday as well as the trading holiday calender in the 3rd tab. Stick to bigger issues please in an appropriate thread.
 
So now we're not allowed to insult the delicate feelings of arrogant IB reps? WTF happened to my post?

The reason I look at the events calendar is because when I was trading HSI awhile back, there was no indication of the Dragon Boat holiday or whatever it was on the trader's calendar, and in chat, they said look at the events calendar instead. Now I look at events, and there are no Korean holidays listed.

As for most people in Asia knowing its Buddha's bday, it's not a holiday in Japan, 125 million people and the 3rd largest economy in the world.

IB calendars is another example of poor quality control and def's attitude is typical of what you get when you talk to the reps. Moreover, I want to know what he's doing posting doing Asian hours. It's absurd, that IB pays its HK employees to post on ET during Asian trading hours. Fix the calendars and stop surfing the internet, at least doing working hours anyway.
 
Quote from Roark:

So now we're not allowed to insult the delicate feelings of arrogant IB reps? WTF happened to my post?

The reason I look at the events calendar is because when I was trading HSI awhile back, there was no indication of the Dragon Boat holiday or whatever it was on the trader's calendar, and in chat, they said look at the events calendar instead. Now I look at events, and there are no Korean holidays listed.

As for most people in Asia knowing its Buddha's bday, it's not a holiday in Japan, 125 million people and the 3rd largest economy in the world.

IB calendars is another example of poor quality control and def's attitude is typical of what you get when you talk to the reps. Moreover, I want to know what he's doing posting doing Asian hours. It's absurd, that IB pays its HK employees to post on ET during Asian trading hours. Fix the calendars and stop surfing the internet, at least doing working hours anyway.

Yo, you need to channel your energy elsewhere dude. You're making a fool of yourself. It was a HK holiday and you are complaining about someone posting on their day off. Ha Ha Ha.
 
Back
Top