Value of Smart Order routing at IB

Quote from Colonel_Blood:
I'm with PXG here, how do you set TMBR as the preferred route?

Does SMART automatically route to TMBR because if it does you say if you use SMART then it might go down to the NYSE 'and good luck there'.
More...
You don't. SMART checks TMBR to see if your order is marketable against its bid or offer (always at or better than the NBBO). If it is, that's where you execute. Otherwise, it goes wherever it would go if there were no TMBR (i.e. NYSE or AMEX for listed stocks).
 
I've been trading with IB since May of this year, and I must say that IB smart order routing rocks. I am getting the best fills I have ever gotten. :)
 
Quote from WALLACE29:

...I am not greedy, I am not looking for every last cent...
More...


AHH THANK GOD FOR THE REST OF US (WHO ARE)!!

WE SHALL FEED OFF OF YOUR CRUMBS, SIR!

YUM! YUM!
 
Quote from Colonel_Blood:

...then it might go down to the NYSE 'and good luck there'...
More...

that's the funniest thing i've read all day...

my special NYSE friend was a real d!ck today. must need to get his quota for the month.
 
Quote from def:

...If filled via The TMBR route you'll get virtually instant executions at a price at or better than the NBBO.
More...

my face lights with joy whenever i see the TMBR route light up on TWS.
 
Quote from WALLACE29:

I am new at tradeing at IB
I would like to trade thru a full function platform. The only platforms that I could find at this time that perform these functions are Esignal and Medved QuoteTracker.
I believe any orders executed thru these platforms can only be routed thru the IB smart order routing system.
My question is:
Is this the best route for trading at IB?
I typcally trade 300 to 2000 shares, sometimes traded intraday, sometimes held overnight. I am not greedy, I am not looking for every last cent. Will the Smart order routing suit my needs?
My past expierience was with Ameritrade. My last trade with them was with 600 shares of a $30. stock that traded at a volume of 2m shares a day. They executed that transaction at 10 cents below the bid price. I quess this is their way of the fullfilling their 10 second trade execution guarantee. When I saw this trade come across the the tape, I knew it was time to move on.
Any opinions about the IB smart order routing system would be greatly appreciated.
More...


You will like IB's smart routing. Use it.
 
You must log in or register to reply here.
Back
Top