I don't care who takes the other side as long as I'm happy with my fill. It is axiomatic that when you buy the market will drop, and rise after you sell. As DEF says it would be impractical to reverse engineer. Impractical and highly cost inefficient. Sure there are outfits using orderflow to dope out where the market will be particularly on open. It doesn't bother me. I just need to be correct in my positions.
"There is nothing to fear but fear it-self" With the speed that IB turns stock orders around, there is no time for IB to be sitting in the middle and taking advantage of their clients. I have traded with IB since January 2000 and have never had any indication that I did not get the fair honest fill of all my orders.
Suspected as much. Can't really trust your broker. I saw a post on another list wherein a trader was saying that he had a computer that was only allowing internet from his broker and his data provider and he was getting trojan horse attacks.
Well it is supposed to be transparent, who is doing what and where.....thats how many of the old timers kept track of who had what in the deck. You pretty much know what your opponent has in any other sport...why not this one?
Yes, happens all the time with our wonderful Specialist system. Another flaw in the system, that is overlooked by the NYSE and the regulators. I think they call it "maintaining an orderly market" or some doubletalk like that. Amazing that Reed endorses this antiquated operation, eh ? Maybe they are cutting him some deals, the next time you trade.....LOL
def, I think everyone is jumping all over IB with these accusations, due to the outage today. What was the official IB response to the problem today, BTW ?
Def, Thanks very much for your explanation. I'm really happy with IB's service, and your presence here is highly appreciated. no complaints. Top notch operation. v