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I believe IB's STOP LIMIT orders for Eminis are held natively on Globex
itself so you will experience less problems THAN if they were held on IB's
servers.
And I BELIEVE that IB's STOP LIMIT orders for SPY are held on IB's servers
thus you should expect more problems THAN if they were held on the exchange
where SPY is traded.
As a note, I have experienced STOP order execution problems only once where
the STOP price was elected but the execution did not proceed for Eminis, but
that's because they were held by IB's servers and they were experiencing
problems..... But I can't complain...
Bing
> -----Original Message-----
> From: MT [mailto:mtzianos@xxxxxxxxx]
> Sent: Saturday, March 15, 2003 12:59 PM
> To: omega-list@xxxxxxxxxx
> Subject: Re: IB STOP LIMITS not reliable
>
>
> ribau@xxxxxxxxxxx wrote:
> >
> > STOP LIMITS are no longer reliable at IB. Three times this
> week I've
> > watched price dance all round my STOP LIMIT on SPY without
> triggering
> > the STOP. The only way to effect the order was to cancel the STOP
> > LIMIT and enter a LIMIT. IB will probably say, "STOP LIMITS don't
> > guarantee a fill," but there are too many instances of ignoring the
> > STOP LIMIT for this to be only market dynamics. Means we
> have to sit
> > there all day watching the stupid monitor. Keep up the good work IB.
>
> This is very alarming.
>
> I rarely use STOP-LIMIT orders, but the couple of times I
> used them last week on Emini-SP, the orders were executed as
> expected. Can anyone else confirm this problem wrt IB and
> STOPLIMIT orders execution ?
>
> Btw, according to several reports, CSI's latest UA v2.6.7
> (shipped to customers very recently) has bugs in the
> backadjuster. So you'd better wait for 2.6.8
>
> For more info look at
>
<http://www.csidata.com/custserv/updates/index.html#2068>
Regards, M
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