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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (3288)	2/20/2000 11:33:00 PM
From: cthruu	Respond to of 8096

Thanks for the explanation. I checked out their website and looks pretty good. I currently trade at Dreyfus, Smith-Barney and another firm. Dreyfus has been excellent because of their options quotes and low commissions. I am trying to consolidate my multiple accounts and Interactive Brokers looks like a good site I can work with. Options commissions at Dreyfus are $1.75 per contract, IB is at $1.95 - not much difference there. The idea of electronic confirmations is good. Dreyfus has the same option, I download all my trades directly into Quicken. Fidelity's Spartan program is also excellent and they are offering very low commission rates for active traders - lower than Dreyfus. Someone mentioned Wall Street Access. My wife uses that firm and the problem I have with them is that options positions do not show up in account balance on line. So I have no idea of the total account balance when I am looking at it. I like Dreyfus screens. I will check IB out further. Thanks again: Ragards: GP

To: Bridge Player who wrote (3288)	2/21/2000 11:58:00 PM
From: cthruu	Read Replies (1) \| Respond to of 8096

One of my friends is familiar with IB. Here is a problem he experienced: Suppose you are trying to place an options trade order. It shows three prices on three different exchanges, but the best price has only a few contracts open interest. If you place an order for more contracts, the others immediately catch up and your order never gets filled. This happens especially if you are placing a large order - say, 100 contracts. Have you experienced anything like that in your dealing with IB? I usually trade around 50 contract lots. Thanks Regards: GP