When TP was talking he didn't represent the brokerage part of the business, he was representing Timber Hill trying to ensure TH does not loose out against these HFT.
by stealing? Only in these finanical firms is stealing considered acceptable. These people are constantly plotting how to steal. I am amazed that these thieves have no fear of SEC and other regulatory agencies. On the contrary, they actively lobby those agencies to allow stealing. Still remember GS told FBI about the front-running software being downloaded by an employee: If anyone gets hold of the software, he will be able to "unfairly manipulate the market." It's a blatant admission that GS has been stealing all the time.
Most of these companies will do anything technically allowed by the law, and will lobby to change the laws, so they can make some more money for themself.
(Offtopic): Come on def, don't avoid the question. Can I trade directly with Timber Hill directly now if I want to, deliberately? Why did IB go all or nothing, why can't we have like a 'tmbr' route directly for us to probe before we go out and pay a fortune on some exchange?
Didn't avoid anything other than this thread which has become a waste of my time. You can not route listed products directly with TMBR anymore. All or nothing: I wasn't involved in the decision but reading the outright lies and accusations on this thread, I could see how one could come to the conclusion that it just isn't worth it.
Def, is there any way to find out if TH picked up the other side of a customer trade now that TMBR no longer appears? That is, can you find out post-trade by inquiring with IB?
Come on Def, somthing is wrong with you, you allways seems to get things in just the opposite way. No one has a problem if you give clients a timber "choice", but people have a problem is, that you somtimes force them to sell to Timber (thru smart ar liquidation) when they are not even "aware" that they are dealing with timber.
So TH was removed from SMART a few years ago, but how is it that TH was also removed from the 606 reports? Up to and including the report of June 2007, Timber Hill is included in the routing statistics along with Knight and the others. Then beginning with the September 2007 report TH is gone. Did the venues to which orders were routed change when TMBR was removed from SMART? 606 quarterly reports for IB: http://www.ibinstitutions.com/en/general/about/brokerDealerReports.php
Bingo. I want the choice. Bring back TH with choice. It's not like you guys (IB) have that much to lose with offering us a TH route if it's by choice.