Right, Genesis can offer less than half price what IB offers for stocks. Even futures are cheaper with other brokers. With IB the only advantage is that you can trade some less papular market. You will have more relations and contacts trading with other brokers, if you seek trading knowledge and custom service.
That is for a reason. OEX options are singly listed by CBOE. We deliberately don't route your orders to the auto-ex system, because we believe that we can often obtain you a better fill by routing to the floor broker, where the order gets manual execution. Only a couple of more CBOE index options get this treatment. The rest is fully electronic and aside from those times when your order gets routed to AMEX - the occasional slowness of which is beyond our control, the executions are near instantaneous.
IBSoft....... thanks for the informative reply. Could you suggest any index options that I might trade where I could recieve instaneous electronic fills? One big plus at IB are low commissions on small orders in stocks and options. 100 shares of GOOG for $1.00.............hard to beat. Ron
It is much simpler to do it the other way around. I will find out tomorrow which other index options get the manual treatment. Anything else that we offer execution on is fully electronic. I will suggest a list of liquid broad-based index and etf options tomorrow.
IBsoft, OK.............I would like to know the electronically traded index options that IB offers. Thank You ....Ron
TOS is the best for options: http://www.thinkorswim.com/tos/client/index.jsp You can call them for your order with the same commission as online also. They will work the order for you.
cboe index manual handling: oex, spx, djx electronic broad based indexes/etfs: spy, qqqq, ndx, mnx, dia?, rut, roy, ixz (soon to be listed on ISE), oef, mid, msh (mostly tech, but w/ in tech it is broad)
I stay away from posts full of question marks, exclamation marks, capital letters and derogatory adjectives/statements. I also tend to ignore posters who frequently bash IB.
Your a MORON and a shame to IB !!!! I frequently give them cudo's for futures trading and it's this kind of nonsense that makes me move my options business TODAY. I will also write a letter to your head office outlining just how you handled this forum and complaint. People listen closely to me!!! IB sucks horribly for options trades compared to OptionXpress They are excellent for futures but forget options unless you like punishment and abuse. OptionsXpress will treat you MUCH better and they are far more user friendly. Stay away from IB because this is the kind of treatment you will get on simple issues and it will cost you money.