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Option Trader

Registered: Sep 2005
Posts: 1371

02-14-08 07:14 PM

Just sold some shares of DRL at the bid which was 19.65 as seen on Level 2, and it went through on Thinkorswim at 19.659.

It seems with IB, I don't get any such price improvement on stocks. Is that the way it's supposed to be?

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monstercat

Registered: Dec 2007
Posts: 204

02-14-08 07:17 PM

i've had options recently were i put in between the bid and ask with both ib and think or swim and tos has filled them were ib hasn't. also ib has jacked the fee's on options if you take liquidity. ib now public is trying to make more money

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Option Trader

Registered: Sep 2005
Posts: 1371

02-14-08 07:26 PM

If you have a link, I would appreciate that.

But what I mentioned regarding stocks wasn't a function of going public, as I haven't been getting (much? any?) price improvement from them for over the 2 years I've been using them. But come to think of it, it doesn't seem right, because I thought you're supposed to get with IB price improvement??

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Option Trader

Registered: Sep 2005
Posts: 1371

02-26-08 06:51 PM

Quote from Option Trader:

Just sold some shares of DRL at the bid which was 19.65 as seen on Level 2, and it went through on Thinkorswim at 19.659.

It seems with IB, I don't get any such price improvement on stocks. Is that the way it's supposed to be?

Just bought 100 shares of BRLC on TOS and got price improvement. Did the same on IB & didnt. Did the same again on TOS & did. What am I doing wrong that I'm not getting price improvement on IB? I thought IB was the best regarding price improvement for options, so I thought the same for stocks??

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IBsoft
Interactive Brokers

Registered: Jul 2003
Posts: 587

02-26-08 07:51 PM

Quote from Option Trader:

Just bought 100 shares of BRLC on TOS and got price improvement. Did the same on IB & didnt. Did the same again on TOS & did. What am I doing wrong that I'm not getting price improvement on IB? I thought IB was the best regarding price improvement for options, so I thought the same for stocks??

Can you tell where TOS routed your order?

Thanks.

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Option Trader

Registered: Sep 2005
Posts: 1371

02-26-08 07:57 PM

Quote from IBsoft:

Can you tell where TOS routed your order?

Thanks.

Asked them, and they said ATD.

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