I am buying at ASK but my orders do not get filled right away??

Discussion in 'Order Execution' started by Shaun, Nov 27, 2014.

  1. loyek590

    loyek590

    whatever, or you could just learn the difference between paper and real
     
    #21     Nov 28, 2014
  2. NoBias

    NoBias

    Whatever? You think after 3 weeks that all he needs to understand is the difference between paper and cash accounts?

    Typical ET
     
    Last edited: Nov 28, 2014
    #22     Nov 28, 2014
  3. loyek590

    loyek590

    well, ask if he is having the same problem in a real account. My guess is the answer is, "I don't know, I'm just trading paper right now."
     
    #23     Nov 28, 2014
  4. Shaun

    Shaun

    You are completely wrong. In my paper trading account I had no delay at all.

    It is my live account that is experiencing delay.
     
    #24     Nov 28, 2014
  5. loyek590

    loyek590

    well then, I stand corrected, carry on, sorry for the uninformed misinformation
     
    #25     Nov 28, 2014
  6. I use smart all the time via TWS and executions are instant if marketable. If you are detecting a delay more than once in a blue moon, something is wrong with your setup.
     
    #26     Dec 8, 2014
  7. baglunch

    baglunch

    If the OP is getting filled at a subpenny (when the fills are to the fourth decimal place as you say. For example $20.0675) then you probably got filled at a dark pool. If IB or the exchange routing strategy are routing you to dark pools before the REGNMS lit markets it can take an eternity because they go to each one by one until they exhaust their options and then hit the displayed quote at the exchange with the liquidity in question. It really depends what exchange or exchanges had your ask price and if your order exceeded the total liquidity available and how IB's "SMART" routing works.

    After you switch to TWS you may also want to look at IB's routing configuration before you start trading to maximize your fill, if that is what you want. Hunting for price improvement or best rebates can slow you down as your order might be split up and take longer to fill or miss the order.

    https://www.interactivebrokers.com/...ebook/configuretws/configure_smartrouting.htm
     
    #27     Dec 9, 2014
  8. When I used DAS I created various hotkeys to buy at the ask and routed via EDGX. The fills seemed very accurate with zero delay.

    Maybe the issue you are having is setting the hotkey to "ask plus .01?" Have you tried removing the extra parameter and just set a hotkey for buying at the ask (limit) without the added .01?

    Perhaps that will help execute the order faster.
     
    #28     Dec 10, 2014
  9. Just my 2 cents o_O

    Didn't see anyone mention this, but what stock are you trading? If the stock has very low volume, there will be a delay when getting filled on any order - market order included.

    P.S. SMART routes suck. If you want to place a market order, do it through one of the routing exchanges, such as ARCA, BATS, EDGX, etc
     
    #29     Dec 17, 2014
  10. surfer25

    surfer25


    I like IB, but this is pretty funny : )
     
    #30     Dec 20, 2014