me, I just want trailing stops. Simultaneous entry would be nice too, but I hate to ask for too much.
I asked to beta test the new Universal Account and received approval the other day. I haven't funded yet. My universal account is set up to trade equities, options on equities, futures, options on futures, forex and the the Hang Seng. One thing that is a little troubling is a disclaimer stating that customer service will not be available during the beta testing. I'll let you know how it works after I fund and start trading.
def, well if it were send directly to NYSE, you will get price improvement.... by sending it to TMBR it is just operating like what NITE is doing few year ago... you get a lot of order flow.. they see the "book" and profit from it.... what do i expect, well i expect to get fill like what a NYSE specialist will do....
You should then send it to NYSE instead of BEST (ok - SMART ). By allowing it to go to TMBR, you are trading speed of execution for potential price improvement. When a stock is falling and you want out and TMBR happens to be short and wants to catch some, you get to get out quickly instead of chasing the specialist down.
Crazy, Referring to what NITE does and TMBR does are comparing apples and oranges. NITE will try to scalp out of the trade by making the spread. They may even hold on to a trade in order to take advantage of a spread. With TMBR you are receiving an instant fill. In the case above, a market sell order was sent. It got filled on the bid. There are no specifics as to whether TMBR was on the offer at the time and scalped out. Even if it was, take TMBR out of the equation. You would have still been filled on the bid somewhere else. If someone was showing a higher price than TMBR, your order would have been sent there.
I think addition of the TMBR "route" has been great so far. The fills are very fast, they have filled me a few times for more size when there was only 100 on the level 2 inside. Thanks IB! Def - I know people have asked for fraction of a cent order entry. What about hidden and reserve ISLD INCA and ARCA (and ARCA discretionary) orders. Any chance of getting these into TWS?
No idea. I imagine if there is enough demand and they don't cost any more to send it will be done (similar to MOO, MOC which were demand driven). I'll add it to my list of suggestions, you may want to start a thread on the ib web site forum. fractional: some of the ecn's allow fractional prices. I'm not sure what will happen to this order type when super montage arrives.