Cancel/Modify @ IB - Deal Breaker

Discussion in 'Retail Brokers' started by TraderSU, Jan 24, 2009.

  1. Doesn't bother me because I execute far more than I cancel. But I can see how it might hurt a strategy that required many many cancels.

    I may be wrong, but I think that these fees are put on by the exchanges. IOW not IB's fault. IB's low commission requires that they be passed to the customer.
  2. maxpi


    It appears that if you trade stocks you can use smart routing and avoid the cancellation fees and for options using smart routing will reduce your fees... if you need to meet the API trading qualification you can use Ninjatrader, Buttontrader, any of those...
  3. How does this work?

    Thanks in advance :)