Bad Schwab BWB fills

status1

Well-known member
I just wanted to mention to be cautions when sending a BWB order at Schwab on the website I am not sure if the desktop has the same problem or not
This is mainly a problem when closing a fly or BWB you have to specify credit all the time Normally when I click on the mid price it automatically fills in the price and the type but when you close a BWB it defaults to a debit when you click on the mid price So then if you send in the order as a credit and want to replace you have to make sure it's still a credit otherwise it defaults to debit and gets filled at whatever the natural is at the time
This is a bad design at least for the website
Normally for a spread it works fine but it gets confused when it's a bwb and defaults to a debit regardless if you set it up as a credit to open or try to close it for a credit
 
I noticed this as well when using street smart central. Not sure if this happens when using street smart edge. I am now in the habit of clicking twice to make sure it changes to credit when closing the bwb. Hopefully they will have the TOS platform available soon. I heard by early 2023 but earlier would be nice:)
 
I am now in the habit of clicking twice to make sure it changes to credit when closing the bwb
So you are saying if I click on the mid price the second time it changes from debit to credit ?
I will try that the next time
 
I pause for short bit inbetween clicks but that seems to work. Always dbl check tho
 
I tried it but it's not working
I had 2 different calendars to close one was for 13 cents and the other for 20 cents both were supposed to be for a credit
The one for 20 cents I clicked on it and showed up as a credit and closed it for 15 cents
The one for 13 cents I clicked on it once than twice but it was always showed up as a debit so I had to manually choose credit and entered 10 cents and was filled at that price

So you can't trust the link to do the right thing you have to watch it to make sure it's a credit when it's supposed to be a credit
 
Top
Contact Us