No sure about that. After all IB started the fee. It may continue to do the same depending on if they can make big monkey on BOX.
IB did not start the cancelation fee. It was imposed by the exchanges as detriment to non member customers making markets. IB merely passes the fee on.
Stop embarrassing yourself, I have done the same with the journals I have started.....be carefull what you post here in this permanent archive and know what your talking about personally.... Michael B.
Well well, is this a threat or what? Why do I need to be careful about what I know is fact and think is my opinions? Search the archive and you know what had happened. This is a free country and a free world and will continue to be.
Is ET the first brokerage firm charge this particular fee? Let IB customers, all ET members, all colleagues in the industry speak. If it is the case, what's wrong to state that IB started it? You made a point. It's about to prevent making market. How do you define making market? Do you think this should be a privilege in a free fair market? How do you define who should have the privilege? Let the SEC investigate this matter and speak!. I will respect the line drawn and hold my peace.
You know, I would really like to explore this. For example, let's say I hit a bid or an offer on any option exchange. Notice that I am not trying to make a market in this case, I am trying to buy on the posted offer, or sell on the posted bid. Now, either the price is not there anymore, or the market maker backs off. What _really_ is at best a bad rule, and at worst just downright thievery is that I get charged a cancel fee now for canceling and order that was not filled either because the posted market was not "real," or a market maker (who doesn't have cancel fees) backs off BTW, you guys keep feeding this idiot NoMoreOptions. The guy is clearly mental. Let him talk to himself by puting him on ignore. nitro
Well .... Even though these cancel fees are still small it is a cost. I agree completely with your statement and I generally will not participate in these markets that decide to post a fee for canceling. ..... although its not a fair comparison, just think back to the old days of the first MERC options - not the agriculturals but the financials like the S&P and the currencies. I certainly would not have paid for the priviledge of cancels in those markets ...
On most of the series I look at, it appears that ISE is doing pretty much all the volume and clearly dominate the B/A. How will BOX improve this? That price improvement feature seemed complicated and a pain in the neck to me. How is it better than ISE?