Huh? What could possibly be private about IB explaining to you how their order router works? If there's any actual private info in there, just redact it in your post.Private information, not going to happen.
Huh? What could possibly be private about IB explaining to you how their order router works? If there's any actual private info in there, just redact it in your post.Private information, not going to happen.
Like I said, just sharing what happened to me. Don't say I didn't warn you.
You are sharing something that doesn't make any sense and you cannot back it up with any evidence.
You can tell if your limit order is live in TWS by seeing it with a bright green status. If it’s dark blue instead, it’s being held by TWS and may execute only when marketable or maybe not at all. This can happen if you screwed up your order configuration options, such as requesting something that IB or an exchange doesn’t support (not all order types are supported for all exchanges, for example).
That’s the only time I’ve run into the problem JSOP mentioned, and it’s usually a sign you made a mistake. Otherwise, IB’s orders pretty much go as expected and receive the fees or rebates as advertised.
Ok, well I don't know as much about options. For stocks, the only times I recall green status live orders not being sent out to the exchanges as I expected were due to a price cap issue, so they went out but at a less aggressive limit price than I specified. You get a warning (actually lots of them, typically, unless you turn that off), and can see an indication icon in the green status that this is happening.No I have seen my limit order status color as bright greens with no mistake and does not show up in the DOM or being delayed in sending to the exchanges because they were held in IB's servers as not marketable. It happens more often in options but it happens to both options and stocks.
JSOP said:And trust me if IB wants to accuse me of slander, I have evidence of what they stated in writing that they hold limit orders in their servers until they are marketable that I would gladly submit to the court and it would certainly attract attention of regulatory bodies like SEC, NFTA/CFTC in USA and other regulatory bodies around the world which I am sure IB would not want.
JSOP said:For those of you who are working for IB posting here, shame on you, the least you can do is get yourself a "Sponsor" label so we can all be aware of your intention instead of hiding behind anonymity promoting your company's service. I would actually speak to the mods about that.