interactive brokers large block execution

Discussion in 'Retail Brokers' started by o10maximus, May 24, 2001.

  1. o10maximus

    o10maximus

    Are there any traders here that go short and long in large blocks (1k-5k sh) using ib. I'm interested in opening an acct, & I've tried the demo. I can't seem to find ib's short list. Do they look for the shares after you've placed the short sell (extra delay)? Any other info about ib is appreciated. thanks
     
    #1     May 24, 2001
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  2. zboy2854A

    zboy2854A

    I personally trade mostly in 300 share or 500 share blocks at most, but you should be able to trade 1000+ share lots just the same. Obviously your success is still dependent upon finding enough liquidity to trade against, but you face that with whatever broker you trade with.

    Here is the link for IB's short list:
    http://www.interactivebrokers.com/html/retailAccount/canborrow_stocks.html
     
    #2     May 24, 2001
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  3. tradeRX

    tradeRX

    Can't tell you about 5-10K large block trades, but I have no trouble shorting smaller lots, and the executions are fast.

    Go to their homepage... at the top left of the page open "products & commissions"..., then sroll down the pagge and open the link "US Equities that are available to borrow". That's the short list.
     
    #3     May 24, 2001
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  4. PKJR

    PKJR

    You should not have any problem.

    The wish that I have for IB is to show P&L for open positions and provide access to ECNs. Also, the page layout is sometimes a problem (at least for me :)) When I have 3-5 positions opened and I want to close I need to find each page and the stock and close the postion. I wish we could close them from one page (open trades)

    How do you guys have stocks arranged in IB? I guess if you track one or 3 stocks this is not a problem...

    PKJR
     
    #4     May 24, 2001
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  5. o10maximus

    o10maximus

    Thanks guys. I can't believe they don't offer EXTR to short.
     
    #5     May 24, 2001
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  6. o10maximus

    o10maximus

    pkjr - It sounds like others have said they are specifying ecn's?
     
    #6     May 24, 2001
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  7. trinfo

    trinfo

    As far as access to ECNs, they're all there. Are you sure you're not just choosing BEST all the time?

    As far as page arrangement, I usually create a new page for each stock I'm going to trade, with all the possible routes for that stock on the page. I also make some pages that list the BEST routes for the stocks I'm most interested in at the time. It seems to work fairly well.
     
    #7     May 25, 2001
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  8. o10maximus

    o10maximus

    Does IB offer SOES execution? Is it quicker to get off a soes trade or an ecn trade (on average)? thx
     
    #8     May 26, 2001
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  9. m_c_a98

    m_c_a98

    Yes, IB has SOES but ECN orders are almost instantaneous if their is a matching order. Definetely use an ECN if possible.
     
    #9     May 26, 2001
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