How to specify that a PINK sheets (OTC) order at Interactive Brokers is to execute only during core trading hours starting at 9:30am, and not earlier 8:00am to 8:30am when there is limited liquidity and higher slippage?
Specifically, I'd like to sell 100% of my position in GBTC ( Grayscale Bitcoin Trust) at the price as of 9:30am EST.
If I have "MKT OPG SMART" then I get a partial fill at 8:00am opening with slippage via "OTCLNKECN", and majority of my position stays with remaining shares cancelled.
If I have "MKT DAY SMART" then I get a partial fill at 8:00am opening with slippage via "OTCLNKECN", some small lots executing here and there before 8:30am with even more slippage via "OTCLNKECN", and the rest/majority then going through at 9:30am via "MM".
Order Ticket options:
Symbol: GBTC.PINK
Order type: MKT
Time-In-Force: OPG, DAY
Destination: SMART, ARCAEDGE, OTCLNKECN
https://www.globalotc.com/trading-hours-and-holidays
Opening Session: 8:00 a.m. to 9:30 a.m. ET
Core Trading Session: 9:30 a.m. to 4:00 p.m. ET
Specifically, I'd like to sell 100% of my position in GBTC ( Grayscale Bitcoin Trust) at the price as of 9:30am EST.
If I have "MKT OPG SMART" then I get a partial fill at 8:00am opening with slippage via "OTCLNKECN", and majority of my position stays with remaining shares cancelled.
If I have "MKT DAY SMART" then I get a partial fill at 8:00am opening with slippage via "OTCLNKECN", some small lots executing here and there before 8:30am with even more slippage via "OTCLNKECN", and the rest/majority then going through at 9:30am via "MM".
Order Ticket options:
Symbol: GBTC.PINK
Order type: MKT
Time-In-Force: OPG, DAY
Destination: SMART, ARCAEDGE, OTCLNKECN
https://www.globalotc.com/trading-hours-and-holidays
Opening Session: 8:00 a.m. to 9:30 a.m. ET
Core Trading Session: 9:30 a.m. to 4:00 p.m. ET
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