InveractiveBrokers filled my market NQ order with 4.5min delay

Thanks. Really learned somthing from you!

But I am afraid if I send a limit buy at 1238. I got filled at 1238, even at that time it is 1235.25/.50. Still at the mercy of the broker.

Quote from rwk:

The limit order will always be at least as fast as a market order, and often much faster. The broker has to simulate a market order, and they usually use limit orders for that, changing price as needed to stay close to the bid/ask. As you have seen, in a busy market like today, your order can dance with the bid/ask for a long time before it finally gets hit. If you had placed a limit order at 1238, you would have been filled at 1235.25/.50 within 0.1 sec. In a busy market, be aware that the offer might *look* like 1235.25, but it could have moved on by the time you see it.

One drawback to using limit orders is that there is a limit to how far off the bid/ask you can be before the order is rejected as invalid. I don't trade the NQ, so I don't know what the max is. I seem to recall the max for ES was something like 5 points.

Note that plain stop orders have the same problem. You should use stop/limit instead, but be aware that you could miss getting a fill in extreme conditions.
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I've been placing Market orders in ES with IB's TWS for quite some time and I've always been filled instantly at the current price. And nothing posted here so far explains the OP's 4.5 minute delay. I would like to see a reply from IB.
 
bevore posting, you all know what is a market with protection??

That is a real market order >>> read about what means protection!

market orders are always the first in execution, even bevore limit orders!

If you had to wait 5 minutes, check all the other possibilities for that problem, but its not the market order or some virtual made market order by IB.....
 
and MandelBrotSet: you are wrong; looking at your many postings, what did you learn all those days??

(always spealing about Globex)
 
it could be a problem by IB, but its not a native market order or something like taht. thats bullshit.

could be also a problem on the exchange, on the line, on the internet, on the...


BUT: market order is a real market order.


Thats what i had to say.
 
Get ready for post after post saying they placed a market order with Interactive Brokers at that time and got executed in a nano second.

But they won't post any records like you did.
 
Quote from SideShowBob:

Open the ticket, and let us know what IB says.
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Agreed. You should open a trouble ticket, in the trouble ticket system, and tell us what happens.
 
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