Unethical Conduct by IB

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What was the quote at the 10.01 entry time?

Would it have been filled like IB says?

If the original limit order was valid and the problem was *just* a delayed fill report, you may be F**ked.

I'm sure it sez somewhere in the agreement "....there are inherent risks in electronic trading...IB will not be held responsible for..."

Sux. :(

But I wouldn't go so far as to call it unethical.
 
Quote from Htrader:

No its not his fault.

I cancel dozens if not hundreds of orders during the day. I don't have time to manually check if each one gets the red code, which disappears after a few seconds anyways. As long as the order is removed from the TWS screen and there is no fill, the trader should be able to assume that the order is cancelled.

Traderguy, try taking the problem to IB management. You have a legitimate case for a refund.
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It is his fault, He was trading irresponsibly. Your account may be large enough that your trading, which is also irresponsible by not following up, can handle this as a cost of doing business.
 
Quote from Buy1Sell2:

If he was using the system properly he would have known to look and would have remembered whether the signal and confirmation were given.
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If he were using the system properly he "would have remembered"? What does memory have to do with using the system properly? Do you remember what you did on the system last month? If you don't, then by your own criteria, you too, do not use the system properly.
 
Quote from fhl:

If he were using the system properly he "would have remembered". What does memory have to do with using the system properly? Do you remember what you did on the system last month? If you don't, then by your own criteria, you too, do not use the system properly.
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He said he didn't remember. A good trader follows up and makes certain that the system is being used properly. That would be something he would be able to remember--and we were talking about something that just happened today not last month.
 
Quote from Buy1Sell2:

It is his fault, He was trading irresponsibly. Your account may be large enough that your trading, which is also irresponsible by not following up, can handle this as a cost of doing business.
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Do you even use TWS? Orders are only supposed to disappear if they are either filled or cancelled.

Orders that disappear and then later become filled are called ERRORS.
 
Quote from Buy1Sell2:

He said he didn't remember. A good trader follows up and makes certain that the system is being used properly. That would be something he would be able to remember--and we were talking about something that just happened today not last month.
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We're talking about a half hour or more later remembering whether there was a red, to be specific. I still don't think he should consider himself screwed simply because he can't remember if it was red. That's rediculous.
 
Quote from Htrader:

Do you even use TWS? Orders are only supposed to disappear if they are either filled or cancelled.

Orders that disappear and then later become filled are called ERRORS.
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No, but I have watched numerous other people doing so. It is the same as any other system/market--fills and cancellations will sometimes be late due to market conditions or clerical/computer/connection issues. This is the real world and this is how it works. I have made my point here. Time to move on.
 
Quote from fhl:

We're talking about a half hour or more later remembering whether there was a red, to be specific. I still don't think he should consider himself screwed simply because he can't remember if it was red. That's rediculous.
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It's irresponsible.
 
Quote from Buy1Sell2:

No, but I have watched numerous other people doing so. It is the same as any other system/market--fills and cancellations will sometimes be late due to market conditions or clerical/computer/connection issues. This is the real world and this is how it works. I have made my point here. Time to move on.
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I can't believe a non-user would continue to post inaccurate facts.

If cancellations are delayed due to market conditions, then the orders will turn "pink" and stay in TWS.
 
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