@kcgoogler Can a TWS created direct order be modified in mobileTWS (keeping the direct route)? Might be worth the $0.01/order cancel/replace fee ...
I don't think IB charges for cancelled spread orders. And,I believe the Option exchange maker/taker rebates/fees apply on DMA too.
Very good info trader42. Yes, i've done a bunch of cancel replace orders on smart and have seen it only getting charged an extra 0.01; so thats a non issue. I am a bit not clear about the add/remove liquidity fee though. For CBOE for example for Penny Pilot ->ETFs (SPY in particular), it shows a 0.001 for removing liquidity and 0.00 for adding for a public customer. So i suppose there is no change in reality between those two. I see that for the professional column its .45 for removing liquidity ; and .30 for adding. So i am assuming .30 is a rebate. But then for PHLX there is a .43 charge for removing liquidity. So i guess its better to route to CBOE if i am doing it manually. Am i reading it right? I suppose i can just trade a couple of times and see what it turns out to be (but i have seen that the commisions are very variable and i might have to trade more than a couple of times to see what the averages turn out to be). And in summary looks like even if i route manually, cancel/replace probably wont hurt me much from commisions perspective. So maybe its all a non-issue.
And here's a 2 lot of verticals from this morning costing me only 1.69 on IB. Nice. Dont know exactly how it happened but would like to.. maybe this is replicable if understood. But in the bigger picture of things this is of kind of a second order; i think its just ok for me to depend on smart routing to do its job for now.
PSE has the lowest commissions and best fills every time. It's too bad Thinkorswim won't let you use them for spreads.