IB Execution Speed

vinigar · May 14, 2002

Nitro,
Thaaaaaaaaaaaaaaaaaaaaaaaaaanks bud! That will help a lot....appreciate it!

nitro · May 14, 2002

nitro

FX-Trader · May 14, 2002

I hate this semi-electronic rip off, I love !

airspeed · May 14, 2002

Mucho mahalos! I'll give it a try today...

Best,
Jim

metooxx · May 14, 2002

Originally posted by nitro

vinigar,

say you have an order in to buy that you want to cancel without being hung up to dry. A big assumption is that the order is a limit order. If so

1) First find the line that has the working order.
2) Next, click on the field that has the price at which you entered the order.
3) Since this is a buy, enter in a number well below the bid - .10c is fine.
4) Retransmit the order
5) Now, one or two things will happen, you will either get filled immediately, allowing you to get out imediately, or two, the order will cancel.

Do the reverse of # 3 above for a sell.

The faster you are at the above the better. It would be nice if IB had a button that automated the above for you.

nitro
More...

We used to use that trick a couple of years ago in the option markets.

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IB Execution Speed

vinigar

nitro

FX-Trader

airspeed

metooxx