IB crossed markets on TWS

Discussion in 'Retail Brokers' started by moffitt, May 23, 2002.

  1. moffitt

    moffitt

    For the past two weeks I have suddenly been receiving crossed markets on my TWS. This happens all day long and on the most active stocks. I inquired and was told to make sure that I am running the current version of TWS. Which I have upgraded
    and is current. But the problem still exists. I have been an account for many months and have not had this. Is anyone else experiencing the same problem?? :confused:
     
  2. Happens all the time, not a IB problem.
     
  3. It does happen a bit more with IB - the problem is that the TWS quotes are often stale. It happens constantly with QQQ's on BEST - so often that I actually thought it was a real arb opportunity the first time I saw it.
     
  4. We get it all the time on a consolidated feed between the regionals/ECNs and the primary.
     
  5. moffitt

    moffitt

    What I don't understand is that I have not had this problem until this past two weeks.Now it's an all day everyday occurance.
    :cool:
     
  6. moffitt

    moffitt

    Bungrider
    I look at QQQ for the Amex and Island. The quotes I get sure do look like a great arb opportunity. But I know that can't be the case. I never tried to even give it a shot. You mention stale
    quotes. Do you think that all my quotes are coming late?
    :cool:
     
  7. I only see this regularly for the Q's, but that isn't to say it doesn't happen for other stocks, although I haven't noticed this happening often for other stocks (can't even remember the last time I saw a bad IB quote for a stock I trade). For $2, you can see if the arb opportunity really exists :D

    My experience is that IB quotes are often faster and more reliable than, say, quote.com, but much slower than a premium service like realtick or esignal. Of course, unless you are using DSL, cable, T1, etc. you will often have stale quotes from any provider.
     
  8. I think that if you look, you will find the crossed quotes eminate from AMEX most of the time. Just IGNORE AMEX. They are a bunch of thieves, and their quotes don't mean much. NYSE Specialists aren't much better some times. Look at Island, and you will know where the real market is.
     
  9. moffitt

    moffitt

    I use a DSL line. What is the best market to follow the QQQ??
    I keep watching them but havn't pulled the trigger on them.
    :cool: