How often does IB smart route re-route?

Discussion in 'Retail Brokers' started by Option Trader, Sep 13, 2006.

  1. IB smart route may at first route your order to CBOE, then the next day you find your order on ISE, which is a good thing.
    However, do you keep your place in line at that point, or does it re-route again?
  2. I used to put in GTC orders at 4:14 so I could be first in the queue in the next morning. This worked really well so I never questioned it. However I noticed that the orders were often re routed so now I wait until 9:25 to place my orders, although usually it is the same thing I would have done the previous day and the results are about the same.
  3. Thank you.
    It seems when you buy-at-ask many orders go through on PHIL.
    But when you are buying at bid, orders go on CBOE, and end up on ISE. Has that been your experience?