I have submitted a complaint to the moderator in regard to stock777's posting, which personally attacks and insults people, and contributes nothing whatsoever in regard to the topic of the thread.
Quote from FredBloggs:
so let me get this straight.....
you send an order via SMART and it always gets executed against timber hill (lets forget about the higher charges and whether they are nbbo for a minute)?
as we all know, many brokers SELL order flow to other participants
BUT....
as we all know, timber hill is OWNED by ib.
so, does this relegate ib from broker to bucket shop if they are taking the other side of your trades?
it seems to me that you are not trading against the market, just ib.
Quote from Option Trader:
Jimrockford, you are 100% right.
With other retail firms, you can discuss the pro's and con's openly and get the support and assistance of others--but for some reason not with IB; if you mention a problem or abuse about IB, you suddenly get a whole team of people trying to tackle you instead of helping you; and if you survive these thugs, it's only after 30-40 pages of mostly deviations, with the deviation factor ultimately causing the thread to get closed down without your problem being solved--incidentally, these IB PR volunteers think they are helping IB, and instead bring the issue to the top of the Google searches. In short, IB loses, the person with the problem loses out, and other IB customers remain vulnerable.
P.s. My thread regarding liquidation was: http://www.elitetrader.com/vb/showthread.php?s=&threadid=63810&highlight=liquidation. In correcting a position size problem in my partner's account, IB caused a margin problem which led to further liquidations. That was NEVER related to thanks to the deviators. Now there is no assurance to other IB customers.
P.P.S. In the wake of my thread, Jimrockford sent IB a PM suggesting to them how to improve their liquidation algorithm; he talked because he had something worthwhile to say and may have helped other IB customers. It is not for naught that we were born with two ears and only one mouth.
There is nothing more unprofessional then not talking to the point.Quote from zdreg:
the problem is being handled by an expert or is directed to the right people and the unreasonableness and lack of professionalism of some posters page by page is exposed.