Why does Interactive Brokers have such an enormously hard time filling market orders

Discussion in 'Options' started by frontyard, Feb 12, 2019 at 2:34 PM.

  1. frontyard

    frontyard

    These days, why does Interactive Brokers have such an enormously hard time filling MARKET orders of VERY heavily traded options in US markets? Is IBKR going rapidly downhill?
     
  2. ZBZB

    ZBZB

    Why don't use limit orders that hit the bid/lift the offer?
     
    murray t turtle, d08 and Proptrader23 like this.
  3. frontyard

    frontyard

    Same story with limit orders. Right now SPY is at 274.28. I have reduced my limit buy to 273 as I need to leave home now but IBKR still isn't filling.
     
  4. zdreg

    zdreg

    with six posts you are already an expert on order fills and the condition of a major trading firm.
    follow your insight and short the stock.
     
    murray t turtle and tommcginnis like this.
  5. ZBZB

    ZBZB

    Try routing orders to individual exchanges instead of using smart routing. There is a column in option trader that tells you which exchange is on the bid/ask. Right click at the column headers and configure.
     
  6. ???

    If your buy limit is below the current price, how can you expect a quick fill? Or is there something I'm missing?
     
  7. ZBZB

    ZBZB

    Well spotted!
     
    tommcginnis likes this.
  8. I agree. It has been a downhill story with IBKR for me too. TOS and Tradehawk seem to have better executions.
     
    frontyard likes this.
  9. ET180

    ET180

    I haven't noticed any execution problems with limit orders. I usually place my orders as limit inside the bid - ask spread so can't comment on market orders.
     
  10. frontyard

    frontyard

    Ooops. I meant 275. They filled it ecentually. But it was frustratingf.
     
    murray t turtle likes this.