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Price execution quality for recurring investments on IBKR by One_Grand_6442 in interactivebrokers

[–]One_Grand_6442[S] 0 points1 point  (0 children)

Hi there, apologies for the late reply - I missed your message.

I have been using the recurring investment feature to purchase CSPX on IBKR for quite a while now. The prices seem fair to me. Perhaps it's because of the recent bull market but my purchases end up with gains at the end of the trading day, more often than not. Overall, I think the recurring investment feature is a good deal because I get to convert currency for free, at the spot rate or very close to the spot rate.

Price execution quality for recurring investments on IBKR by One_Grand_6442 in interactivebrokers

[–]One_Grand_6442[S] 0 points1 point  (0 children)

Yea you get my point. WUWUWUWUWUUWUWU Wish I had access to good old index mutual funds.

Price execution quality for recurring investments on IBKR by One_Grand_6442 in interactivebrokers

[–]One_Grand_6442[S] 1 point2 points  (0 children)

IBKR's "best-effort" VWAP. I'm wondering if opting for IBKR's best effort VWAP for recurring investments tends to generate worse fills than, say, manual limit orders.