TradeStation Global vs Interactive Brokers

[DevBru]

No, you perceived my reply that way. I didn't make you perceive it that way. That's just how you perceived it. Nowhere did I state what you stated. You just stated it and are now blaming me for how you misconstrued it. Every point extended from that misconception is an error on your part, not mine. My reply was simply an explanation of how the market works, and why.

He said:

Tradestation software will sometimes freeze up. During the first 30 minutes are during very active sessi9ons. I place a buy at market, and it just sits there. Then I enter another sits there the both are filled. In other words its frustrating.

To which you replied:

It's not that it freezes. It's that you have hundreds, thousands, tens of thousands of limit orders ahead of you at any given market price at market open. In the market it is first come first serve with open limit orders at any set price. Market orders will be behind all of them to get filled assuming the price hasn't bounced to another in the price range you are stuck behind.

It isn't the platform freezing, it's the orders ahead of you being executed before your market order.

Now it might be the way you wrote it, but if that doesn't suggest the reason his orders didn't execute immediately is because they where in a cue behind tens of thousands of (limit) orders ahead of his orders (which are your exact words), i don't know what is.

 

[Bugsy]

He said:



To which you replied:






Now it might be the way you wrote it, but if that doesn't suggest the reason his orders didn't execute is because they where in a cue behind tens of thousands of (limit) orders ahead of his orders (which are your exact words), i don't know what is.

I mean, there's no magical glitch in the software that only manages to appear in a 30 minute window on their software. It's obvious he is referring to when the NY market opens and the volatility is off the charts. I know exactly what he is referring to because I trade on Tradestation and have dropped a market order in the first minute for it to take 10 to 20 seconds before it actually executes. This is the "freezing" he is referring to. He emphasizes the first 30 minutes because this is when the algos are off the charts unloading shares or contracts on a massive scale. The "glitch" doesn't just disappear come 10am EST. It's that the gap fill has occurred (or runaway) from the previous close sometime between 9:30 and 10 and the volatility slows down.

 

[DevBru]

I mean, there's no magical glitch in the software that only manages to appear in a 30 minute window on their software. It's obvious he is referring to when the NY market opens and the volatility is off the charts. I know exactly what he is referring to because I trade on Tradestation and have dropped a market order in the first minute for it to take 10 to 20 seconds before it actually executes. This is the "freezing" he is referring to. He emphasizes the first 30 minutes because this is when the algos are off the charts unloading shares or contracts on a massive scale. The "glitch" doesn't just disappear come 10am EST. It's that the gap fill has occurred (or runaway from the previous close sometime between 9:30 and 10 and the volatility slows down.

Well we clearly interpreted his post in 2 different ways so i am no longer going to comment on that.

But at least now i know i should never use Tradestation since i never had those kind of delays in execution with IB or Tradezero.