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Date/Time: Fri, 26 Apr 2024 12:38:47 +0000

Post From: Stock Trading Plans ( Question for our Interactive Brokers Users)

[2020-02-13 11:01:46] Link To Thread - Link To Post [Go To First Post]
User390455 - Posts: 56
IBRK Lite (Zero Commision) IBKR-LITE clients are generally charged zero commission for NMS stock and ETF orders. IBKRLITE orders are generally routed to select over-the-counter market-makers (“Market Makers”) for handling. IBKR’s agreements with the Market Makers provide Interactive Brokers payment for order flow from each Market Maker for trades executed with that Market Maker. IBRK Pro IBKR maintains connections to "dark pool" ATSs ("Routeaway Dark Pools") that may execute IBKR-PRO client marketable orders in NMS stocks. IBKR clients benefit from IBKR's access to dark pools. Dark pools provide a source of substantial additional liquidity. Wath I have unstderstand Zero Commision Broker (TD, ETrade, Robinhood, Schwab) and IBRK Lite (IB Zero commision version) send order to Market Maker and have commision from Market Maker. IBRK Pro (IB commision based) don't sell order flow to Market Maker. But use Dark Pool or direct market for find beter price for customer. IB can probably improve with more costly interface. Other reflexion of Zero Commision Broker : You have Zero Commision and Real Time DataFeed for Free. All this cost money. Broker must find money. Date Time Of Last Edit: 2020-02-13 11:26:00