IB messages whenever you use market orders

April 7th, 2017, 12:57 PM

you can not internalize Futures orders. Futures trade on one centralized exchange (nymex, CBOT, etc)...all orders must be placed on the exchange. Even Clearport orders are recorded at the exchange. Internalizing orders may be common place for FX brokers, because they are the broker and exchange but not futures.

November 3rd, 2017, 07:17 PM

marpol

you can not internalize Futures orders. Futures trade on one centralized exchange (nymex, CBOT, etc)...all orders must be placed on the exchange. Even Clearport orders are recorded at the exchange. Internalizing orders may be common place for FX brokers, because they are the broker and exchange but not futures.

I do not think you are correct.

The head of IB quoted saying they didn't internalize as much as others internalized.
It's not a question of a central exchange or not.

November 3rd, 2017, 07:32 PM

internalize which orders? They are probably referring to equity option orders. Futures order are centralized at the exchange.

November 3rd, 2017, 07:43 PM

@marpol

Here are some links:

https://legal.thomsonreuters.com/en/solutions/regulation-and-compliance-management

Note FINRA is the USA body
and is the SEC

]

(certificates of deposit are not traded In the USA)

IB messages whenever you use market orders

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IB messages whenever you use market orders