Blacklisted by Brokers

Discussion in 'Professional Trading' started by thomsonfx, Jun 22, 2006.

  1. ddunbar

    ddunbar Guest

    You're right. IB's Ideal pro acts in the capacity of an agent. They simply pass it on. No obligation on the part of the bank(s) (liquidity provider) to accept/execute the order. Especially if you use a limit order. A market order has the highest probability of being filled. But has the lowest probability of a "good" fill. I've had a few Buy Limit orders that weren't executed even though they were placed 2 pips above the market. But the market was moving fast those days and were at breakout levels.
     
    #51     Jun 29, 2006
  2. minmike

    minmike

    Color my confused. Why are the IB guys in a thread on FX pointing out with seems to be stock order routing? Why is that relevant or applicable?
     
    #52     Jun 29, 2006