Anyone else have bad US equity options quotes from IB??

Discussion in 'Interactive Brokers' started by bungrider, Jan 13, 2003.

  1. mskl

    mskl


    The only recent change IB made (Jan 2003) is that they no longer will display quotes that don't indicate auto executions in SMART. However, as I stated and as you have seen, these flags can be wrong. I illustrated many examples.

    I also complained a few weeks ago that the flags were often wrong and routing was affected and routing should be fixed.

    It seems there are two issues now. (routing and posting all quotes)

    IMO, all quotes should be shown in SMART and routing should "not" be based on these often incorrect flags.

    I could easily come up with "better" routing. However, I'm not familiar with all the routing costs. (cancel fees etc).

    I'm shocked that it took a full week for someone else to notice.
     
    #11     Jan 13, 2003
  2. How can you trade with such junk pricing?
     
    #12     Jan 13, 2003
  3. mskl

    mskl


    You don't rely on IB's quote (get an alternative data feed). And you have to direct orders (paying twice the commission) when auto's are available but IB won't route there because the flag is wrong. (Mainily happens at the CBOE).
     
    #13     Jan 13, 2003
  4. TWS is also occasionally missing ISE quotes as well...

    which is odd, since ISE is Auto-ex only...
     
    #14     Jan 13, 2003
  5. Not true ...
     
    #15     Jan 13, 2003
  6. That sucks ...
     
    #16     Jan 13, 2003
  7. really!?
     
    #17     Jan 13, 2003
  8. mskl

    mskl

    99.9% of the time auto ex is avail.

    there is a manual route on "most" crossed markets
     
    #18     Jan 13, 2003
  9. That .1% is the issue ...
     
    #19     Jan 13, 2003
  10. so in other words, ISE will autoex automatically provided the mkt is not crossed
     
    #20     Jan 13, 2003