depends on your settings, your order type you submit, which specific exchange you target, and numerous other factors. If you would hold back your horses and check things out on IB's website then you would figure it out yourself.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Unacceptable Limit Stock Order Handling by IB
- Thread starter NoVoodooHere
- Start date
maybe you sound like a competitor badmouthing IB?
IB has reps that troll these forums.... Interesting that they are not choosing to take on this topic.
lol, there are only two states, a) exchange submission, b) kept on server. It is really THAT simple.
Simulation is what IB ( or other broker ) does with the order ( like sending it to exchange under certain conditions ) besides of holding it on its server. Somehow I am sure the OP understood my post.
No it does not. I have posted the issue very clearly. There are no options to do away with the problem. Perhaps in theory there are, but in practice there are not. Now, it is entirely conceivable that I have this issue as the result of a "glitch" in the software specific to me and my installation; but I remind you that I have spent 2hrs trouble shooting this with IB reps and they were not able to come up with, well, anything coherent, frankly.depends on your settings, your order type you submit, which specific exchange you target, and numerous other factors. If you would hold back your horses and check things out on IB's website then you would figure it out yourself.
At this point you are posting replies to something you do not understand clearly. I encourage you to please re-read the OP
If we're getting paranoid here I'd say the people posting "what are you worried about, just switch brokers if you don't like it" would be the undercover IB people, especially since they've never addressed the fact that IT IS ILLEGAL TO FAIL TO POST AN ORDER INSIDE THE NBBO AGAINST THE CUSTOMER'S WISHES! I don't really think you are with IB, by the way, and I don't work in the securities industry at all. However those who keep wondering why we're upset at IB breaking the law in a way that hurts customers and the overall market, and essentially telling us to just get over it, is quite frankly baffling.maybe you sound like a competitor badmouthing IB?
+1000If we're getting paranoid here I'd say the people posting "what are you worried about, just switch brokers if you don't like it" would be the undercover IB people, especially since they've never addressed the fact that IT IS ILLEGAL TO FAIL TO POST AN ORDER INSIDE THE NBBO AGAINST THE CUSTOMER'S WISHES! I don't really think you are with IB, by the way, and I don't work in the securities industry at all. However those who keep wondering why we're upset at IB breaking the law in a way that hurts customers and the overall market, and essentially telling us to just get over it, is quite frankly baffling.
OP claims this only applied to stocks. Perhaps he can give an example ticker and the behavior.
I have used bracket orders at IB and the bracket orders are usually "held" status until the original order fills. Once the parent fills, the bracket orders should go live. They don't always, but if they don't, in my experience that's for a reason that would have been true of any limit order rather than specifically a bracket one (like IB doesn't currently support trading in that stock, there aren't enough bids or offers, you specified an exchange and order types that were incompatible, etc).
I have used bracket orders at IB and the bracket orders are usually "held" status until the original order fills. Once the parent fills, the bracket orders should go live. They don't always, but if they don't, in my experience that's for a reason that would have been true of any limit order rather than specifically a bracket one (like IB doesn't currently support trading in that stock, there aren't enough bids or offers, you specified an exchange and order types that were incompatible, etc).
IB has reps that troll these forums.... Interesting that they are not choosing to take on this topic.
IB-AN?
Customer received no answer from customer support. Will you answer here?
OP claims this only applied to stocks. Perhaps he can give an example ticker and the behavior.
I have used bracket orders at IB and the bracket orders are usually "held" status until the original order fills. Once the parent fills, the bracket orders should go live. They don't always, but if they don't, in my experience that's for a reason that would have been true of any limit order rather than specifically a bracket one (like IB doesn't currently support trading in that stock, there aren't enough bids or offers, you specified an exchange and order types that were incompatible, etc).
ALL STOCKS as stated in OP, not a transient problem, a PERSISTENT problem.
Note OCA order not same thing as bracket as you have described. An OCA group order is one cancels all, it is the part of the bracket order that submits after you entry order (the way you are doing it). I do not use OCA the way you do, I create the bracket w/ out a contingent upon entry order
Which market, which stock, which exact order type?
No it does not. I have posted the issue very clearly. There are no options to do away with the problem. Perhaps in theory there are, but in practice there are not. Now, it is entirely conceivable that I have this issue as the result of a "glitch" in the software specific to me and my installation; but I remind you that I have spent 2hrs trouble shooting this with IB reps and they were not able to come up with, well, anything coherent, frankly.
At this point you are posting replies to something you do not understand clearly. I encourage you to please re-read the OP