Interactive Broker rejecting Stop Limit Orders

Atikon

Atikon

Hello,

IB is apparently rejecting Stop Limit Orders if the Setup for the tollerance is beyond 20% of the NBBO, which is a way for IB to reject Fat Finger Orders, but chatastrophic when a flash crash would happen. Is there a way to fix this? Can I relieve IB from Liability to widen my tollerance? Also there might be limits to stop loss/tollerance limits depending on Exchanges?

Are there other Broker out there where the tollerance is not limited? I would also need a double bid/ask setting to avoid spoofing/fat finger bids/ask that would trigger the stop limit order.

BR
 
various brokers & exchanges have various restrictions due to various reasonsss.


You will find this odd ;
One of my brokers don't even allow STOP order & MARKET order for certain products !!!

we just have to live with the restriction, or change the broker, or change the trading platform ...
 
Last edited:
maxinger said:
various brokers & exchanges have various restrictions due to various reasonsss.


You will find this odd ;
One of my brokers don't even allow STOP order & MARKET order for certain products !!!

we just have to live with the restriction, or change the broker, or change the trading platform ...
More...

thx would you have a suggestion for me? I need double Bids and wide tollerance
 
Atikon said:
Hello,

IB is apparently rejecting Stop Limit Orders if the Setup for the tollerance is beyond 20% of the NBBO, which is a way for IB to reject Fat Finger Orders, but chatastrophic when a flash crash would happen. Is there a way to fix this? Can I relieve IB from Liability to widen my tollerance? Also there might be limits to stop loss/tollerance limits depending on Exchanges?

Are there other Broker out there where the tollerance is not limited? I would also need a double bid/ask setting to avoid spoofing/fat finger bids/ask that would trigger the stop limit order.

BR
More...

Conditional order GTC?
 
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