I bet you thought that sounded like an intelligent comment when you wrote it.
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What types of orders can you enter on IBKR lite?
- Thread starter tm689
- Start date
iirc only SMART is supported with a "limited number of order types" I can almost guarantee does not include iceberg or hidden orders.
Thanks. That was my real concern as to whether you could put in hidden orders on the ecn venues.
I haven't used Google since 2015. I use DuckDuckGo. It has gotten good enough that I was able to find the same information on page 1 using the exact same Google search phrase (also it supports encrypted Google searches by using !g if you need it).
Real 300 IQ move to call customer support. Who would do that?
Same here. I also switched from the default (Google) to DuckDuckGo as their search results have become good enough for me.I haven't used Google since 2015. I use DuckDuckGo. It has gotten good enough that I was able to find the same information on page 1 using the exact same Google search phrase (also it supports encrypted Google searches by using !g if you need it).
And it still doesn't tell me if you can enter them on specific ecn venues (such as ARCA) or if you can make them hidden. Someone who actually uses the IBKR lite platform might know that.
If you seriously think you can direct orders with free commissions you have no idea what payment for flow is all about. Go back to the first page of this thread and read the comic posted which is a good representation.
And just why wouldn't that be possible? It is possible for the firms that specialize in rebate trading. They get their revenue from taking part of the rebates traders get when their bids and offers are hit, thereby getting the rebates for adding liquidity.
Maybe in all your wisdom you can tell me who pays for the order flow when traders enter limit orders at the current bid on systems like Schwab? On Schwab you can use ecn venues to enter limit orders at the current bid.
You can refer back to my thread back in Feb 2018 entitled "Is rebate trading with near zero commissions the future of active trading?"
Maybe in all your wisdom you can tell me who pays for the order flow when traders enter limit orders at the current bid on systems like Schwab? On Schwab you can use ecn venues to enter limit orders at the current bid.
You can refer back to my thread back in Feb 2018 entitled "Is rebate trading with near zero commissions the future of active trading?"
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And just why wouldn't that be possible? It is possible for the firms that specialize in rebate trading. They get their revenue from taking part of the rebates traders get when their bids and offers are hit, thereby getting the rebates for adding liquidity.
Maybe in all your wisdom you can tell me who pays for the order flow when traders enter limit orders at the current bid on systems like Schwab? On Schwab you can use ecn venues to enter limit orders at the current bid.
You can refer back to my thread back in Feb 2018 entitled "Is rebate trading with near zero commissions the future of active trading?"
Who pays for limits? You do. The HFTs love it. They can lean on them and have a free back stop.
If I make the spread I don't care who leans on my order. I figure out what the right price is and the HFT traders can spin their wheels all they want around my order. Let them get stuck in an illiquid stock a few times and see how they like trying to manipulate orders around my order.Who pays for limits? You do. The HFTs love it. They can lean on them and have a free back stop.
That is why I originally asked about hidden orders. I might be top bid showing 100 shares which could be 100 shares or 5000 shares with 4900 hidden. Let the HFTs figure out if they want to get ahead of my order. It will be especially tough for them to lean on my order if the entire order is hidden.
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If I make the spread I don't care who leans on my order. I figure out what the right price is and the HFT traders can spin their wheels all they want around my order. Let them get stuck in an illiquid stock a few times and see how they like trying to manipulate orders around my order.
That is why I originally asked about hidden orders. I might be top bid showing 100 shares which could be 100 shares or 5000 shares with 4900 hidden. Let the HFTs figure out if they want to get ahead of my order. It will be especially tough for them to lean on my order if the entire order is hidden.
But if the HFTs are leaning on your order, you are not getting a timely fill and it makes getting your spreads harder.