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Think Or Swim execution


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Think Or Swim execution

  #1 (permalink)
 ctmvas 
Big City, MA
 
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Does anyone use Think Or Swim? Do you have an issue with execution speed? For some reason when I want to close a trade at market it takes 3 or 4 seconds for to close. Is this typical with other brokers?

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  #3 (permalink)
 
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 liquidcci 
Austin, TX
 
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I find thinkorswim execution fine for stocks and options. At times your fills depend on how they route the order but you can have the same routing issue with any broker. If trying to trade futures you will want to look at one of the brokers that specialize in futures because you might get some lag with thinkorswim.

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  #4 (permalink)
 
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 Massive l 
OR/USA
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I notice maybe a 2 second market order in 10 Year T-notes. All other instruments seem to execute with no delay.
(/6E, /TF, /GC)

What are you trading?

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  #5 (permalink)
 
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 ericbrown 
Tulsa, OK
 
Experience: Advanced
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I've used TOS for about a year and haven't had any noticeable issues (other than the one below) on execution for Stocks or Options, especially when closing at market.

That said....today (Friday Aug 12) i ran into issues trying to close out 2 positions using a Limit order...I attributed it to being a high execution activity time (first thirty minutes of the trading day). The orders were accepted but never seemed to be executed even though my limit should have been reached. I closed down TOS and reopened and the orders had been executed at the time i submitted them. Strange behavior...but TOS did just update their platform last night / this morning.

Are you seeing execution issues regularly or just recently?

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  #6 (permalink)
 
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 Massive l 
OR/USA
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Today and through this weekend, ToS is finally merging everything with TD Ameritrade.
They advised that there might be some small bumps today.

I had an order screw up today but it ended up 20 ticks (3 lots) in my favor.

I cancelled an order last night as my long didn't get hit in /6C. I wake up this morning
and it was hit at 7am and bounced real nice.

I think it's the first time a mistake has gone in my favor.

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  #7 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Massive l View Post
Today and through this weekend, ToS is finally merging everything with TD Ameritrade.

Cool, thanks for posting.

So it took them 2.5 years to finally merge their frontend and backend systems?

Mike

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  #8 (permalink)
 
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 Massive l 
OR/USA
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Big Mike View Post
Cool, thanks for posting.

So it took them 2.5 years to finally merge their frontend and backend systems?

Mike

Yep!

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  #9 (permalink)
 
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 worldwary 
Williamsburg, VA
 
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I use thinkorswim for one of my accounts. I have issues pretty often after an upgrade. Sometimes they issue two or three patches before everything is fixed. Annoying but best advice us to tread carefully after an upgrade and quit trading if you start to see problems.

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  #10 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
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Interesting worldwary. Can you expand on the issues?

I've had login issues after an upgrade but I can't think of anything else.
Any issue is normally fixed right away and their customer support is very quick
to help via the online chat.

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Last Updated on September 9, 2011


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