can I trade stocks in IEX with Interactive brokers?
can I trade stocks in IEX with Interactive brokers?
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govordovsky · External communityPost link
External question — Personal Finance Stack Exchange
Author: govordovsky
Original post: https://money.stackexchange.com/questions/134898
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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I have accounts in a couple brokerages. I trade stocks just fine, however I miss any good understanding of some fundamentals, and how things work under the hood. I'm confused about stocks being traded in multiple exchanges.
As an example, take FB ticker.
Based on my understanding FB is traded at least on those exchanges (please, correct me if I'm wrong in that statement!):
Nasdaq
IEX:
https://iextrading.com/trading/eligible-symbols/
EDGX:
https://markets.cboe.com/us/equities/market_statistics/symbols_traded/?mkt=edgx
BZX (
link
), BYX (
link
), and EDGA (
link
)
now, when I buy/sell FB in my interactivebrokers account, I can see two options for FB:
FB NASDAQ.NMS
FB MEXI
So, my question is "Can I trade FB specifically in IEX using my account?" Does NASDAQ.NMS mean NASDAQ, or the query to buy FB could be eventually executed by some other exchange, not necessarily NASDAQ
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base64 · External communityPost link
External answer — Personal Finance Stack Exchange
Author: base64
Original post: https://money.stackexchange.com/a/134901
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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So, my question is "Can I trade FB specifically in IEX using my
account?
Yes.
Does NASDAQ.NMS mean NASDAQ,
Sort of. NMS means National Market System, and the venues such as IEX participate in NMS.
or the query to buy FB could be eventually executed by some other
exchange, not necessarily NASDAQ
Based on IB's "SMART Routing" mechanism, by default it could be executed by some other exchange, if IB belives that the price is even better than direct routing / Unlisted Trading Privileges (UTP) Tape C aka NBBO. You can override this and force it to IEX. However, there could be additional fees.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: govordovsky Source score (net votes, not local likes): 2 Original post: https://money.stackexchange.com/questions/134898 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I have accounts in a couple brokerages. I trade stocks just fine, however I miss any good understanding of some fundamentals, and how things work under the hood. I'm confused about stocks being traded in multiple exchanges. As an example, take FB ticker. Based on my understanding FB is traded at least on those exchanges (please, correct me if I'm wrong in that statement!): Nasdaq IEX: https://iextrading.com/trading/eligible-symbols/ EDGX: https://markets.cboe.com/us/equities/market_statistics/symbols_traded/?mkt=edgx BZX ( link ), BYX ( link ), and EDGA ( link ) now, when I buy/sell FB in my interactivebrokers account, I can see two options for FB: FB NASDAQ.NMS FB MEXI So, my question is "Can I trade FB specifically in IEX using my account?" Does NASDAQ.NMS mean NASDAQ, or the query to buy FB could be eventually executed by some other exchange, not necessarily NASDAQ
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