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TWolf
Registered: Oct 2009
Posts: 13 |
04-19-12 09:18 PM
Talked to IB rep; didn't get an answer I was comfortable with. Resulted in a confusing discussion of credit spreads vs debit spreads, orders being filled at market, etc. My current broker offers limit orders for spreads but the orders are NEVER executed properly; IB sounds like they might be the same.
Simple question, I would think:
Can I place limit orders on exchange recognized commodity spreads through IB?
I know I can do it through firms like Crossland or RCG, but I'm not a pro, just a profitable amateur so they're not really cost efficient for me when you factor in platform costs, data feeds, and commissions designed for high volume traders.
Cheers,
Thom
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def
Interactive Brokers
Registered: Dec 1999
Posts: 4296 |
04-20-12 03:16 AM
Quote from TWolf:
Talked to IB rep; didn't get an answer I was comfortable with. Resulted in a confusing discussion of credit spreads vs debit spreads, orders being filled at market, etc. My current broker offers limit orders for spreads but the orders are NEVER executed properly; IB sounds like they might be the same.
Simple question, I would think:
Can I place limit orders on exchange recognized commodity spreads through IB?
I know I can do it through firms like Crossland or RCG, but I'm not a pro, just a profitable amateur so they're not really cost efficient for me when you factor in platform costs, data feeds, and commissions designed for high volume traders.
Cheers,
Thom
if you're talking future spreads - yes in our latest release
"Support for direct-routed native inter-commodity futures spreads is now available in TWS. To create an inter-commodity spread, enter the contract, for example HO.CL, on a ticker line and select Inter-commodity Spreads as the type. Hold your mouse over the spread to see the combo description. Hold your mouse over the blue star to see the price calculation. "
if you're talking options, which exchange/contracts ?
thanks
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RobertG
Registered: Jan 2010
Posts: 119 |
04-20-12 03:29 AM
I do 5note/10note spreads right on the DOM
if they are recognized spreads, you should be able to place limits no problem. I am not an IB customer, but I would assume that they would have the same.
RG
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TraDaToR
Registered: Dec 2006
Posts: 3786 |
04-20-12 07:39 AM
TWolf,
I am an IB customer. IB offers native futures calendar spread limit orders just like Crossland and RCG, but not native intercommodity spreads like Crack/Crush/Corn-wheat/ 5-10 years...
And IB only offers 1 level of depth for calendars.
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atrocious
Registered: Mar 2010
Posts: 164 |
04-20-12 03:54 PM
Quote from TraDaToR:
TWolf,
I am an IB customer. IB offers native futures calendar spread limit orders just like Crossland and RCG, but not native intercommodity spreads like Crack/Crush/Corn-wheat/ 5-10 years...
And IB only offers 1 level of depth for calendars.
Tradator -
Looks like they're starting to roll out the native 1:1 energy cracks in TWS 925, long time coming! Hopefully Brent/WTI and fixed income are not too far behind.
Depth was available on the calendars when I first opened my account three years ago, then disappeared.
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TWolf
Registered: Oct 2009
Posts: 13 |
04-20-12 06:20 PM
Def - No options, just futures.
TraDaTor - Calendar spreads; have not yet ventured into intercommodity spreads but am headed that way (soybeans/corn has gone ballistic recently). Looks like they now offer them per Def's post above.
Regarding depth, this is something I'm not yet familiar with. My current broker (OptionsXpress) doesn't offer any, that I am aware of. Any chance you guys could enlighten me on what this is and its usefulness?
TraDaTor - On an unrelated note, I believe you had asked on my other post about limit order issues who my broker was; not sure if you saw my response but OptionsXpress is where I got the goofy responses from 3 different people; hence, I'm looking to move.
Cheers,
Thom
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