Trade execution problems with Interactive Brokers recently?
Trade execution problems with Interactive Brokers recently?
Recently I have trouble with trade execution with IB. Today I put a stop order for JPY Jun 06. The price pass my stop price but the order just sit there without being filled. A few days ago, I have the same problem. Just wondering whether others have similar experience. I have created a "trouble ticket" with IB but the trouble ticket system soon went down afterwards. Not knowing what's happening there.
Re: Trade execution problems with Interactive Brokers recent
i saw some slowness trading gold and silver today and y'day...had to cancel a couple of trades and put new ones.mike168 wrote:Recently I have trouble with trade execution with IB. Today I put a stop order for JPY Jun 06. The price pass my stop price but the order just sit there without being filled. A few days ago, I have the same problem. Just wondering whether others have similar experience. I have created a "trouble ticket" with IB but the trouble ticket system soon went down afterwards. Not knowing what's happening there.
Was the price hit outside of nyse business hours? If you want a globex stop to execute outside this period you must select that option in order preferences. There are other time quirks on other exchanges / order types as well but if you dig deep enough you can work around them.
Last edited by RedRock on Fri Apr 21, 2006 2:06 pm, edited 1 time in total.
Re: Trade execution problems with Interactive Brokers recent
This was an unusually volatile day and period. Could be the trade matching engine was overloaded. NYMEX has decided to move its energies back to globex in 06 presumably because clearport isnt up to snuff...goldfish wrote:
i saw some slowness trading gold and silver today and y'day...had to cancel a couple of trades and put new ones.
Just to clarify.... IB will not execute a sim stop on globex before 9:30 eastern time or after 4:00 eastern. CME yen pit [whatevers left of it] opens at 7:20 central. leaving an hour and half after the pit open that your order will not fill.... Unless you select the trade outside normal business hours option.mike168 wrote:RedRock
Both incidences occured during RTH pit trading.
Not saying this is your deal. But something to take note of...
IB calls RTH to mean NYSE hours. Odd? yes. But if you know that, you can work around. It is a different set of issues for cbot. stop lmt must be used outside rth.mike168 wrote:Thanks RedRock. Although I'm still waiting for the reply on the trouble ticket, I think this is exactly my problem. I take that "trade outside normal business hours" = "trade outside RTH".
By the way, where did you get the figure 9:30 eastern time to 4:00 eastern?
Discalimer: This is off the top of my head, and may have changes since I studied...
When TWS is open click on View. One of the choices should be Audit Log. It is a feature that IB used to activate by default. The problem is you cannot activate TWS until tomorrow (Sunday at Noon, EST). You can also see the log, but not in an easy to read format, by opening your C:\jts directory and looking for a subdirectory with a series of random letters and Friday's date (4/21). Do a search for "Fri.audit.xml". You can open it with WordPad in Windows. Do not use NotePad. Scroll down and look at the info and you'll be able to figure things out. It is much easier using View from inside TWS. Do Not alter the file. Close it without saving or you might mess up the format and then View may not work correctly.
Also go here:
http://www.interactivebrokers.com/en/tr ... entity=llc
Scroll down to JPY and then click on Japanese Yen
Also go here:
http://www.interactivebrokers.com/en/tr ... entity=llc
Scroll down to JPY and then click on Japanese Yen
this is the info you need regarding globex and ecbot stop orders....
http://www.interactivebrokers.com/en/tr ... entity=llc
The other link is general info for the new floor based access, which do not allow stops at all....
http://www.interactivebrokers.com/en/tr ... entity=llc
The other link is general info for the new floor based access, which do not allow stops at all....
Thanks RedRock for your info.
I never knew I could be fined $1000-$5000 (the ecbot fair market value policy) just by inputing the order according to my systems.
What I do know is a few days ago I received an "excessive messaging" warning by putting 2 stop limit orders for CME Eurodollar futures. That "excessive messaging" could be fined for $2000.
Perhaps one should set up a thread for these seemingly absurd rules and traps.
I never knew I could be fined $1000-$5000 (the ecbot fair market value policy) just by inputing the order according to my systems.
What I do know is a few days ago I received an "excessive messaging" warning by putting 2 stop limit orders for CME Eurodollar futures. That "excessive messaging" could be fined for $2000.
Perhaps one should set up a thread for these seemingly absurd rules and traps.