Options Executions and Brokers?

Discussion in 'Order Execution' started by roncer, Jul 17, 2005.

  1. roncer

    roncer

    Has anybody got any good information on where best to trade

    options intraday? I am currently using IB and the options data,

    fills etc are are very slow. It general takes about 30 seconds to

    a minute to get a fill confirmed even when you are selling to

    bidder.

    Ron
     
  2. IBsoft

    IBsoft Interactive Brokers

    You are posting very misleading information.

    Please do me a favor and PM me your IB account number and a couple of examples of such delayed fills (date, time, symbol, size, price) so that I can look them up.

    Thank you.
     
  3. An IB watchdog :D

    What if he wish not to? Will you command ET for
    removing thread

    Why not let other ET member respond, Mr sponsor?
     
  4. he' full of crap i've done 30000 option trades with ib last 3 years and they're very fast
     
  5. Lucrum

    Lucrum

    Are you using their "smart routing" or are you choosing the exchange?
    I've been with them over 5 years trading stocks, options, futures and even currencies. IB does have it's problems from time to time but slow fills/confirmations isn't normally one of them.
     
  6. I tried to do a 20 contract vertical spread trade on Wednesday.

    The order kept getting bounced saying insufficient margin.



    :confused: I had enough to do 200 if I wanted.

    I tried 3 x, then I checked the description and it read : selling 1 = 10 contracts, so I tried again with 2 thinking well that means I will sell 20 right!

    Wrong I sold 2 lol.

    It was the end of the day and by the time I called and got through (10 mins later) the market had moved and the day was over.

    Of course the following day Thursday they dropped and the trade was not worth it anymore and Friday they expired worthless.

    That's .50 X 20 that IB's stupid platform cost me AGAIN.

    IB is good for futures but come Monday I'm moving ALL my options trading funds to OptionXpress.

    So put that in your pipe and smoke it!!!!!!!!!!

    And yes I can give you specifics if you want them are you going to give me $1000 ??????

    I'm still waiting 4 weeks for another credit that IB said they where going to send me for their mistake $250.
     
  7. roncer

    roncer

    I use smart on stock and options. TWS is fine for eminis and

    stocks but OEX options take 30 seconds to a minute to show the

    executed fill. Limit order entries post immediately but

    not fills.

    I like IB and have traded with them in futures and stocks for

    about 5 years. However in the last 3 weeks since I started day

    trading OEX options the fills have been as stated above.
     
  8. It is said that IB is build to serve professional traders need,
    not those who can't forget $1000 .
     
  9. LOL

    That is the attitude they take your right.

    So I guess they think that I won't take my 500 futures rt/month business away either do they ?

    Well they are sadly mistaken, I will if I ever have the same stupidity with futs as I have with options trades with them.
     
  10. lmao you are stupid. if you did some research you can get future trades much cheaper than ib with a 10 times better platform. i use ib for options only. there stock commissions are criminal
     
    #10     Jul 17, 2005