On the IBKR commissions page they have links to a page showing fees and rebates on the main exchanges. Most offer good rebates to offset the 65 cent contract fee. Huge issue on intraday trading of spreads since it's commissions x 4.
Many don't specifically mention "complex" orders, but some do, so are we to assume the ones that dont mention, don't pay on spreads? I'm thinking there might be a reason related to them not being a fully visible orders, since they go to a complex order book perhaps (I only have traded spx and that's what cboe does), and I once read "somewhere" that only visible orders that improve liquidity get rebates.
You can see any exchange's fees/rebates from this page by clicking on "Third party fees- IBKR pro".
https://www.interactivebrokers.com/en/pricing/commissions-options.php?re=amer
EDGx specifically mentions complex orders.
https://www.interactivebrokers.com/en/accounts/fees/EDGXoptfee.php
EDIT searched "Exchanges complex orders books" and I see articles mentioning exchanges that have individually added them over the years, so may some still don't have them? Not sure how it would even work if one leg of the spread is nbbo at one exchange, and the other leg's nbbo best at another? Maybe better to leg in on equity options to insure rebates and avoid that issue?
Exchange rebates on complex orders.
byu/thinkofanamefast inoptions
Posted by thinkofanamefast
1 Comment
>I only have traded spx and that’s what cboe does
You are never going to get rebated with the SPX. Those options trade ONLY on the CBOE. Thus, there is no need for the CBOE to rebate any order flow in the SPX.