IB's SMART routing for SPX options

Discussion in 'Online Brokers' started by Murphy Tan, Apr 23, 2018.

  1. Murphy Tan

    Murphy Tan Well-Known Member

    Hi all, this is a question for IB users. When you make an order to buy/sell SPX options, do you select SMART as your preferred router? Or do you rout directly to CBOE instead? I understand that SMART probably fills faster since it scans different ECNS and ATSs but does it fill at a better price and incur less commissions. I would like to have your thoughts on this. Thanks!:)

    Regards
    Murphy
     
  2. ACS

    ACS Well-Known Member

    CBOE has a monopoly on SPX options and therefore using SMART shouldn't make any difference since there is nowhere else to find a better price.
     
  3. stevegee58

    stevegee58 Well-Known Member

    I've always used SMART for all of my option trading but I've observed that all of my SPX trades clear through CBOE. Thanks to ACS I now know why!
     
  4. Murphy Tan

    Murphy Tan Well-Known Member

    Hi all, thanks for the advice!

    Regards
    Murphy
     

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