Automated trading options with IB or other firms - Any advice or comments?

Discussion in 'Automated Trading' started by OddTrader, Jul 29, 2006.

  1. alanm

    alanm

    That addresses partial fills vs. ticket charges. I don't know if MBT charges for cancels/modifys, which is a different issue.

    Also, it does not address the pacing/MM restrictions, which are exchange rules.

    My point is that a strategy like trying to sit on the bid and offer, making markets along with the MMs, is not only unlawful, but would cost a fortune in cancel/modify fees unless you get a ton of action. AFAIK.
     
    #11     Aug 2, 2006
  2. Thanks for the good points. I'm trying simply to translate my existing strategy into using options with automation.
     
    #12     Aug 2, 2006
  3. My straegy should be comparatively very simple and basic. Also I don't expect MBT would be the only broker for automated trading options. At least a start.
     
    #13     Aug 2, 2006