Support Board
Date/Time: Mon, 25 Nov 2024 03:38:13 +0000
Post From: Poor reliability when trading options
| [2014-01-01 08:59:25] |
| User76625 - Posts: 49 |
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I agree with the info above - most options trade on multiple exchanges. That's the main reason IB's SMART "exchange" exists - they route your order to the best exchange at that instant. If I use AMEX as my exchange, it goes to AMEX only. To show that there are more exchanges out there, here is a very small section of trade log for AMZN, and they're from a month ago, but they show a couple illustrative examples: Symbol Trade Type Entry DateTime Exit DateTime Avg Entry Price Avg Exit Price Entry Quantity Exit Quantity Max Open Quantity Profit/Loss Cum P/L Runup Drawdown Max Open Profit Max Open Loss Entry Efficiency Exit Efficiency Total Efficiency Commission AMZN 131213P00385000-OPT-BOX Short 2013-12-10 07:52:52 4.20 10 0 10 0.00 -86.67 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00% 0.00 AMZN 131213P00385000-OPT-MIAX Short 2013-12-10 07:52:52 4.20 8 0 8 0.00 -86.67 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00% 0.00 So the "SMART" routed order filled 18 contracts through 2 different exchanges. The same thing happens with stock - I put in AAPL and it might fill in one or many of several exchanges, but as far as SC is concerned, AAPL is AAPL. So is there some way to make SC recognize that every AAPL 560 Call that expires on 1/3/14 belongs to the chart that uses the symbol structure AAPL-OPT-20140103-560-C-SMART-100-USD ? I can't think of a real reason why I would want to differentiate between a AAPL-OPT-20140103-560-C-SMART-100-USD and a AAPL-OPT-20140103-560-C-AMEX-100-USD and a AAPL-OPT-20140103-560-C-PHLX-100-USD contract. They were all traded from the AAPL-OPT-20140103-560-C-SMART-100-USD chart, and if I want to close those positions, I want SC (and IB) to send my close orders to the best exchanges at that instant using IB's SMART routing. |