Why does Interactive Brokers have such an enormously hard time filling market orders

[frontyard]

with six posts you are already an expert on order fills and the condition of a major trading firm.
follow your insight and short the stock.

Is the number of posts on this forum a function of expertise? Good to know how some people think. Or are you just an asshole?

 

[ktm]

Is the number of posts on this forum a function of expertise?

Looks like the answer is "yes" in this case.

 

[zdreg]

Ooops. I meant 275. They filled it ecentually. But it was frustratingf.

with their trades people, who are easily frustrated, pay for the mistresses and cocaine habits of floor traders. ok, it also pays for the college education of their kids

 

[nooby_mcnoob]

If you put in an order at $275 and the market is at $274.75, they likely won't fill yours until there are no more at the current bid/ask. and the next up, and the next up, and the next up. etc. This is a warning they tell you about when you do that. https://www.interactivebrokers.com/en/index.php?f=14186

 

[maxinger]

It happened to me few hrs ago while trading other exchanges;
market order was not executed even after one minute.

Normally if you see such problem, you will see it again few hrs/days later.


Very important to have another broker.
So if one broker is having problem, quickily switch to another broker.

 

[JSOP]

If you put in an order at $275 and the market is at $274.75, they likely won't fill yours until there are no more at the current bid/ask. and the next up, and the next up, and the next up. etc. This is a warning they tell you about when you do that. https://www.interactivebrokers.com/en/index.php?f=14186

That's just with the max. price and min. price acceptable for buy and sell transactions respectively. It shouldn't have any bearing on how fast a market order is filled. A market order is a market order, it's supposed to be matched with the NBBO especially when the order price is even better than the NBBO by a quarter of a point. It should have been filled instantly.

 

[nooby_mcnoob]

Ooops. I meant 275. They filled it ecentually. But it was frustratingf.

@JSOP was referring to this. Price was 274.75 and he put in a buy at 275.

 

[d08]

Ooops. I meant 275. They filled it ecentually. But it was frustratingf.

That's just you. On liquid stuff like SPY I get a fill in something like 0.1 seconds.

 

[maxinger]

It happened to me few hrs ago while trading other exchanges;
market order was not executed even after one minute.

Normally if you see such problem, you will see it again few hrs/days later.


Very important to have another broker.
So if one broker is having problem, quickily switch to another broker.

sigh ... happened again few minutes ago even though all market data connections were all green.

 

[JSOP]

sigh ... happened again few minutes ago even though all market data connections were all green.

Now is AH, the volume is low, Trump is not tweeting, there is not lot of trading going on