IB Smart & TMBR

Discussion in 'Interactive Brokers' started by Trader5287, Nov 23, 2002.

  1. def

    def Sponsor

    I know TMBR is a great route largly due to the virtually instant turnaround time. However, I don't know why someone would want to route directly to TMBR.

    1. If TMBR is on the NBBO or better, you'll get the fill via SMART as TMBR is the first place to look in the SMART algorithm.
    2. TMBR is not an ECN and also has no obligations to make two sided or any markets. You could end up sending in a marketable order and not get filled.

    The main thing I think you all want to see is the TMBR quote. I'm don't think that's something our prop side wants to give away. If there is a compelling reason, let me know. Maybe I'm missng something.
     
    #11     Jan 19, 2003