Hi all, From IB site (interactivebrokers.com) "only the bundled fee structure is available for Non-Smart Routed API orders." <=500 Shares USD 0.013 per share min USD 1.30 >500 Shares USD 0.008 per share min USD 1.00 . What is the problem of Non-Smart Routed API orders ? Thanks
Yes it is, the fees is almost the double for Non-SMART routing API orders, which means IB doesn't like it , and the question is why ? what is their problem ? I'm guessing it is something related to auto trading. but the question still the same, a big WHY !!
this is because under smart route, IB can route your order to its own exchange, which is ideal, if I am rignt, thus IB can make money from your order flow.
What do you mean by own exchange ? IB is not an ECN Also If I'm going to route my order via TWS ( not API ) I'll be charged the regular fees