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Non-Tech : Interactive Brokers / Timberhill -- Ignore unavailable to you. Want to Upgrade?

To: OX who wrote (819)	12/6/2000 5:19:54 PM
From: dli	Read Replies (2) \| Respond to of 9012

btw, at the rate IB is rolling out javaTWS, we may not get in before they terminate TWS3 in March :-) Don't worry, you're not missing anything. Every single feature of the old TWS that's important for speedy order entry and was very important for my trading has been removed. I loaded it once and won't touch it again until they force me to in March or some major improvements are incorporated. Dave

To: OX who wrote (819)	12/6/2000 5:46:49 PM
From: Esteban	Respond to of 9012

NQ estimated slippage on market orders vs bid/ask shown in the time and sales, assuming the time and sales is synchronized with your clock. 10 trades: 8 times no slippage on average, ie. if you buy you get the ask, sell get the bid. 2 times slippage of 2 to 6 points. My best guestimate.

To: OX who wrote (819)	12/6/2000 6:03:25 PM
From: booters	Read Replies (1) \| Respond to of 9012

can you give a guess on the average* slippage* I will try to make a point to look tomorrow. The only way I know to do it would be to take the bid (if selling) that shows up 1 second after you hit the trade key. When I trade I hit the key, it is confirmed in 2 seconds ( so it must hit the bid in a second or so to get back to me ) and the trade shows up on Qcharts in 2 seconds. Actually I guess you could look on your T&S. It works the same way every time and I've made thousands of trades on IB at the market. So the slippage is going to depend on the spread and the speed the market is moving at. The faster it is moving usually the wider the spread as you would know. The NQ's can move 3 or 4 points in a second plus maybe a 1 to 1.5 point spread if moving fast but orderly. So if you chased it the slippage from where you pushed it to the fill could be 5 to 6 points. But I would consider that an extreme case and caution anybody about chasing the NQ's. As for normal slippage I would expect 1 to 1.5 at the very most. These have been NQ thoughts. I have not traded the ES much so would not have as good an idea. The spreads are smaller and the value is less and they appear more liquid. hope this helps boots