Hi All, from IB website:
Define the NBBO price cap by entering the "maximum allowable distance from NBBO." Note that NBBO price capping supersedes the exclusion of non-firm quotes, i.e. your order will be routed to a non-firm quote within the price cap over a firm quote outside the price cap.
Can anyone give me a numerical example? It would be easier to me to understand.
Best,
Jaime
Define the NBBO price cap by entering the "maximum allowable distance from NBBO." Note that NBBO price capping supersedes the exclusion of non-firm quotes, i.e. your order will be routed to a non-firm quote within the price cap over a firm quote outside the price cap.
Can anyone give me a numerical example? It would be easier to me to understand.
Best,
Jaime