Is IB designed to just feed liquidity to Timber Hill?

Quote from beachhouse:

Unconscionable thief!!!

There is no such a word "honesty" in a broker's dictionary.

I hope he is long European bonds, like Corzine!
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When TP was talking he didn't represent the brokerage part of the business, he was representing Timber Hill trying to ensure TH does not loose out against these HFT.
 
Quote from jayre:

he was representing Timber Hill trying to ensure TH does not loose out against these HFT.
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by stealing?

Only in these finanical firms is stealing considered acceptable. These people are constantly plotting how to steal. I am amazed that these thieves have no fear of SEC and other regulatory agencies. On the contrary, they actively lobby those agencies to allow stealing.

Still remember GS told FBI about the front-running software being downloaded by an employee: If anyone gets hold of the software, he will be able to "unfairly manipulate the market." It's a blatant admission that GS has been stealing all the time.
 
Quote from beachhouse:

by stealing?

Only in these finanical firms is stealing considered acceptable. These people are constantly plotting how to steal. I am amazed that these thieves have no fear of SEC and other regulatory agencies. On the contrary, they actively lobby those agencies to allow stealing.

Still remember GS told FBI about the front-running software being downloaded by an employee: If anyone gets hold of the software, he will be able to "unfairly manipulate the market." It's a blatant admission that GS has been stealing all the time.
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Most of these companies will do anything technically allowed by the law, and will lobby to change the laws, so they can make some more money for themself.
 
Quote from def:

Quoted out of context and discussed in the earnings transcript which you may want to read. I understand that the point that is trying to be made is that HFT's should have market maker obligations.
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(Offtopic):

Come on def, don't avoid the question. Can I trade directly with Timber Hill directly now if I want to, deliberately?

Why did IB go all or nothing, why can't we have like a 'tmbr' route directly for us to probe before we go out and pay a fortune on some exchange?
 
Quote from clearinghouse:

(Offtopic):

Come on def, don't avoid the question. Can I trade directly with Timber Hill directly now if I want to, deliberately?

Why did IB go all or nothing, why can't we have like a 'tmbr' route directly for us to probe before we go out and pay a fortune on some exchange?
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Didn't avoid anything other than this thread which has become a waste of my time. You can not route listed products directly with TMBR anymore. All or nothing: I wasn't involved in the decision but reading the outright lies and accusations on this thread, I could see how one could come to the conclusion that it just isn't worth it.
 
Quote from def:

Didn't avoid anything other than this thread which has become a waste of my time. You can not route listed products directly with TMBR anymore. All or nothing: I wasn't involved in the decision but reading the outright lies and accusations on this thread, I could see how one could come to the conclusion that it just isn't worth it.
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Def, is there any way to find out if TH picked up the other side of a customer trade now that TMBR no longer appears? That is, can you find out post-trade by inquiring with IB?
 
Quote from def:

Didn't avoid anything other than this thread which has become a waste of my time. You can not route listed products directly with TMBR anymore. All or nothing: I wasn't involved in the decision but reading the outright lies and accusations on this thread, I could see how one could come to the conclusion that it just isn't worth it.
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Come on Def, somthing is wrong with you, you allways seems to get things in just the opposite way.

No one has a problem if you give clients a timber "choice", but people have a problem is, that you somtimes force them to sell to Timber (thru smart ar liquidation) when they are not even "aware" that they are dealing with timber.
 
Quote from def:

I replied NO to your question about Timber visibility to Smart. While it could add value to clients orders there were far too manu people questioning and that was one of the reasons TH was removed from Smart a couple of years ago.

Routing statistics are in the 606 reports which are publicly available. However a full blueprint on Smart routing would be proprietary and if firms were requid to provide full details, I'd bet that you'd hear more opposition from those internalizing their order flow.
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So TH was removed from SMART a few years ago, but how is it that TH was also removed from the 606 reports?

Up to and including the report of June 2007, Timber Hill is included in the routing statistics along with Knight and the others.

Then beginning with the September 2007 report TH is gone.

Did the venues to which orders were routed change when TMBR was removed from SMART?

606 quarterly reports for IB:

http://www.ibinstitutions.com/en/general/about/brokerDealerReports.php
 
Quote from jayre:

Come on Def, somthing is wrong with you, you allways seems to get things in just the opposite way.

No one has a problem if you give clients a timber "choice", but people have a problem is, that you somtimes force them to sell to Timber (thru smart ar liquidation) when they are not even "aware" that they are dealing with timber.
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Bingo. I want the choice. Bring back TH with choice.

It's not like you guys (IB) have that much to lose with offering us a TH route if it's by choice.
 
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