def, Yes. That is how I execute my "Opening Only" orders using IB. Note that I put Opening Only in quotes. That is because I do as you state above - I use limit orders into the NYSE before the market opens to "simulate" OO orders. There is one _MAJOR_ problem with this method though - the reason you want honest to goodness OO orders is that all orders that are _not_executed_at_the_opening_print_are_automatically_cancelled. This is not a trivial distinction. For example, when doing the Fair Value type gap/fill plays, you may have a couple of dozen orders in. If you only get filled on one or two of them, you might be able to concentrate on the live trades, and at the same time go cancelling the other numerous orders that are still in the market. I wouldn't want to try to do this if I was filled on ten or more and had to concentrate on them and try to cancell unfilled orders. Make no mistake, OO orders can only be poorly aproximated using limit orders unless the system automatically cancels the ones that are not executed at the opening print. Needless to say, thx a million for your tireless support on this forum - I don't know what we would do without you! nitro
Def: As pointed out in the post by Stock777 the IRS does not require the "marking" of short sale transactions on Schedule D. So, I stand correcting on the IRS requirements. The problem I am having with the lack IB marking of "short sales" and "buys to cover short sales" is specific to the accounting software I am using. I am now using "Captools Global Investor" accounting software but I also had this same problem with the previous software I was using. Qwiktrade posted that "Tradelog" can properly handle IB's lack of short sale marking (Tradelog must use "FIFO accounting" and assume that if symbol specific shares were sold when there were none of those shares in the account, the sale has to be a short sale, and if symbol specific shares were bought when there were some of those shares already short in the account, the buy has to be a buy to cover the short shares). I paid $400 for "Captools Global Investor" and I prefer not to have to purchase Tradelog to solve this problem. I checked out Tradelog before purchasing Captools and decided to purchase Captools. It sure sounds like IB users should be looking at Tradelog. Catoosa
Stock777 and qwiktrade: Thank you for your help with the information on "Tradelog" and the marking of short sale transaction. I looked at my Schedule D printouts and my software does not identify short sales on a Schedule D and I agree it is not a IRS requirement. Catoosa
Def, and others, I've seen the ActiveX and downloaded. I'm working with VB however and no documentation at all is supplied for VB. I can us ethe OCX but some introduction (Documentation or sample files) would be more than welcome. Do you have any idea when IB will come with 1 'total' account (stocks and futures). I've seen in this list that it is only possible to connect to 1 running tws. (Could be solved if we needed only 1 acct) Thanks
i'll ask about documentation but if i understand the question correctly, i don't think IB wants to get into the business of programming support. As for the 1 TWS for multiple accounts, it is being worked on but I don't have a date. Before that can occur I believe multicurrency future accounts will be added. My best guess would be 1-3 months. I'll see what I can do to get a better estimate of the date.
any updates on the rolling-out of multi-currency futures account? now that activeX is available (great move by IB !!!!), it's time to play markets outside the US..... too much hassle without the multi-currency account. thanks.
Def, if you happen to read this or anyone who knows can you tell me if when I modify an order my initial order is still working on the exchange until the new modified order is acknowledged ( see my recent question on IB Globex stops thread). TWS manual is not clear about this. Thank you.
kicking, most exchanges treat a modified order as a cancelled/replace. thus your original order would be working until the other one is confirmed (actually slighly less since the change takes place a few milliseconds before the change shows on the TWS. Dozu, I keep hearing two more weeks. I should be able to find out more on Tuesday.
That's interesting that you can place simulated "on opening" orders with IB. Support told me that I COULD NOT place any orders until the market had opened: not until 9:30am. I notice that IB keeps improving their platform,thats great but doe's anyone get frustrated that you have to keep learning new ways of placing orders? JJ