IB Smart or not?

Discussion in 'Order Execution' started by TrendBert, Nov 4, 2005.

  1. Any opinions about whether it is better to route orders through IBs SMART or directly to the principle exchange of listing? Advantages / disadvantages of both?

  2. maxpi


    They charge less if you route smart via the API.
  3. nassau


    I use both
    Smart from 930 - 4
    Smart plus the other exchanges during premarket and after close as if you place working limit orders on smart you will often get a flow through or a part fill.
    Also lets you know what the true best prices are as smart is not always the best.

  4. I think smart is ok for the usual order routing.. for real direct access trading IB is not the best option anyway