b396 Posted November 3, 2022 Report Share Posted November 3, 2022 Sometimes I have limit orders sitting there for exit. What are my IB routing options I can use to reduce commissions? Quote Link to comment Share on other sites More sharing options...
b396 Posted November 3, 2022 Author Report Share Posted November 3, 2022 (edited) which one should I use when I configure "routing" option? Routing Strategy or Routing Destination? I have routing strategy options: But these are routing destination options: Edited November 3, 2022 by b396 Quote Link to comment Share on other sites More sharing options...
b396 Posted November 3, 2022 Author Report Share Posted November 3, 2022 (edited) this is from IB_FIX_manual.pdf Edited November 3, 2022 by b396 Quote Link to comment Share on other sites More sharing options...
Jerry Medved Posted November 3, 2022 Report Share Posted November 3, 2022 the API offers ability to route to specific destinations. The stuff you indicated seems to be custom IB stuff that they have in TWS. I know they have some stuff in settings for defaults. I do not know how it impacts "SMART" routing via API. would need to check with IB support about that. Quote Link to comment Share on other sites More sharing options...
b396 Posted November 3, 2022 Author Report Share Posted November 3, 2022 (edited) I know little about routing but since my goal is to reduce commission where possible. I see PEARL has -0.0029 commission for adding liquidity. I do not know if this is worth doing. But I want to try... How would I use this info? By adding PEARL in routing option? Edited November 3, 2022 by b396 Quote Link to comment Share on other sites More sharing options...
Jerry Medved Posted November 3, 2022 Report Share Posted November 3, 2022 you can specify the route you want at the time you place the order. can also set default Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.