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


To: eriksonc who wrote (2637)3/15/2002 10:46:35 AM
From: MechanicalMethod  Read Replies (1) | Respond to of 9012
 
While trading QQQ using Best Execution it sometimes displays limit orders as transmitted to NYSE. In time if it's not executed then it's listed as an Island fill when it does execute. Supposedly IB's interface reappraises and switches to Island if indeed it's looking better there.

I've noticed NYSE fills limit orders away from the market only when it turns out to be a bad entry rather than the hoped for price improvement. I want to stay away from NYSE and AMEX in the future. Under the destination category I don't see BEST ECN. How do I specify BEST ECN? Does anyone think it's preferable to Island for trading the Q's?

TIA, MM