Why IB have this policy ?

I

itisme

Hi all,
From IB site (interactivebrokers.com)

"only the bundled fee structure is available for Non-Smart Routed API orders."

<=500 Shares USD 0.013 per share min USD 1.30

>500 Shares USD 0.008 per share min USD 1.00 .


What is the problem of Non-Smart Routed API orders ?

Thanks
 
Yes it is, the fees is almost the double for Non-SMART routing API orders, which means IB doesn't like it , and the question is why ? what is their problem ?
I'm guessing it is something related to auto trading. but the question still the same, a big WHY !!
 
this is because under smart route, IB can route your order to its own exchange, which is ideal, if I am rignt, thus IB can make money from your order flow.
 
Quote from zhexin2:

this is because under smart route, IB can route your order to its own exchange, which is ideal, if I am rignt, thus IB can make money from your order flow.
More...
What do you mean by own exchange ? IB is not an ECN
Also If I'm going to route my order via TWS ( not API ) I'll be charged the regular fees
 
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