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489
Registered: Jan 2008
Posts: 35 |
09-11-12 03:37 AM
[QUOTE]Quote from 1245:
[B]Then how do you explain that a spread order I entered, that received an execution later in the day, was deemed to take liquidity, not add.
Possibly because the spread was sent to exchange 'A' (CBOE COB?), and was re-routed to exchange 'B' (ISE COB?) at a later time when the ISE spread market changed and made your spread marketable, but it had to be re-routed. The re-routing caused you to be a liquidity taker, even though your price was the same.
Regardless, any broker's primary goal is to get you executed so they can charge you a commission, and a broker as big as IB probably does a pretty good job at making that happen.
This has been explained to you several times but apparently you have a bone to pick w/ IB so you are never satisfied with a rational explanation.
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1245
Registered: May 2012
Posts: 549 |
09-11-12 04:06 AM
Quote from 489:
[QUOTE]Quote from 1245:
[B]Then how do you explain that a spread order I entered, that received an execution later in the day, was deemed to take liquidity, not add.
Possibly because the spread was sent to exchange 'A' (CBOE COB?), and was re-routed to exchange 'B' (ISE COB?) at a later time when the ISE spread market changed and made your spread marketable, but it had to be re-routed. The re-routing caused you to be a liquidity taker, even though your price was the same.
Regardless, any broker's primary goal is to get you executed so they can charge you a commission, and a broker as big as IB probably does a pretty good job at making that happen.
This has been explained to you several times but apparently you have a bone to pick w/ IB so you are never satisfied with a rational explanation.
Because that's not what they said happened. It was not re-routed. It was in the IB system, not on any COB, until executed. That is THEIR explanation from two different departments.
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def
Interactive Brokers
Registered: Dec 1999
Posts: 4304 |
09-11-12 04:24 AM
Quote from 1245:
Because that's not what they said happened. It was not re-routed. It was in the IB system, not on any COB, until executed. That is THEIR explanation from two different departments.
Still waiting for your ticket Bob. I'd be happy to dig into the full details. I've gone to the source and tested the routing on a vertical spread which did go to the COB. I'm not interested in a he/said he/said. As you know, I'm in a senior position with IB and have the ability to assist. If you'd like me to track it, send me a PM with the ticket number or other details.
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trader42
Registered: Oct 2002
Posts: 467 |
12-01-12 06:25 PM
Quote from def:
Perhaps the confusion comes down to the types of spreads sent as not all spread combinations are native to exchanges.
Does IB publish an "official" list of "native" option spread types? Thanks
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marcoPolo21
Registered: Apr 2011
Posts: 136 |
12-01-12 06:37 PM
is there any charge for "Pause Execution", vs Cancel ?
if so, this would be a way to lower costs
you would Pause an order, usually a Day order, instead of Cancelling
marc
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