Def .... If an equity trade is done in the US with smart routing then there is no issue with cancel/mod fees. Isnt that so??? ............ rj
Some do. ISE charges 10 cents/ contract now. Better for very small players, while disastrous for big scalpers.
However, IB charges for cancellations from what I hear. What kind of crap is that? There's a commission you can't even compare with other brokers. IB does not charge anything if your option gets assigned. If you are a real trader and don't constantly change your order or if you do, you also trade so you can get credit to cancel that charge, there will be no problem. It was also difficult for me at the beginning but now it is months that I don't get charged because I know how to trade now. If I put an order to sell an option say at 0.50 per contract and it goes down to 0.45 and I want to cancel and replace my order, first I put the new order and if it goes through , I cancel the first order.