Appreciate the clarification. So not only do locked markets happen all the time, they happen all the time in exactly the way we've been discussing...
I would bet that if several brokers are tied for the best price, SMART routes to the exchange which returns to IB the highest 'payment for order...
And I thought I was being SMART by selecting SMART routing and having it end up at PHLX...
Do you prefer to route your options trades to a specific exchange? After voting in the poll, do post any comments as to why.
I PM'ed def; will advise. There was also some earlier discussion of "just route a Price Improvement order but use SMART and it will end up at...
"Liquidate First" would be a good improvement to TWS. I guess for now all one can do is set everything BUT the "Liquidate First" to Liquidate Last.
What actual implications does this have? What I want is penny pricing, instead of getting nickel and dimed.
I have an interesting theory about the implications of my one-or-two options contracts bids, which IB SMART routes to PHLX. Take a look at this...
I direct your attention to the "View... Account..." window of IB's TWS software. 1. In the prominently featured "Margin Requirements and Trading...
Definitely noticing IB routing a lot of my options trades to PHLX. WTF is the problem with PHLX? They're trying to get more transactions, so they...
Is the SMART routing behavior described above also an issue with straight equities? I guess to the extent a given stock is more liquid and has...
It does seem like an inordinate number of the stale unfilled orders are PHLX. (I am assuming I can use the numbers flashing by on TWS (are they...
Using SMART routing. I'd like to use Box and price improvement, but IB charges extra when you direct route, and it seems this would cancel out any...
Only 3000 or 4000 underlying even have options. Within that maybe 1600 trade actively. I also read that the top 900 stocks account for 95% of all...
CYMI FFIV JBHT JOSB KOMG SII Buying March 2006 OTM calls
I'm with you so far, but I guess I'm looking for a little more understanding of how the market maker operates. e.g. do they have any injuntion to...
By odd lot I mean 1 or 2 contracts: 100 or 200 shares. Account has $5000, still undercapitalized.
I've been trying to trade odd lots of options contracts using limit orders and I've noticed two things. 1. It seems like even if I'm the best...
Does "set liquidate last" help protect box spreads? Does IB's information box "Margin Requirements and Trading Limits" indicate that you are...
For example: QLGC MAR06 42.5 Call Bid: .60 Ask: .70 Model: 0.09 You're right, if I change the volatity to 2.4, the model price goes to...
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