what's the best algo/way to fill missed MOO orders?

henry76 said:
Thanks , yeh you have to use a mkt order before open and then use time in force "opg", I suppose you have to be careful not to get caught up in pre mkt activity? ( stocks)?( a mkt order before open could be catastrophic).
More...

Cannot use MKT orders in premarket, it will get rejected.
 
lovefxspot said:
starting to see missed MOO recently...trying to figure out which IB algo (or any other method) is the best to fill missed MOO orders?

any input gonna be appreciated :p
More...

When did you have a missed MOO? Are you sure you're not looking at the wrong opening?
 
henry76 said:
I don't use MOO , but I'm pretty sure those are the instructions on IB website,( thanks Val)
https://www.interactivebrokers.com/en/index.php?f=598
I can see it doesn't seem logical as your entering a mkt order good till the open so you might think it will either try and fill in pre mkt or cancel on open , but those are the instructions.
More...

Not sure what you mean. OPG means it's directed to the auction process at the exchange, not pre-market. OPG order would never fill in pre-market.
 
The reason why to me it's confusing is the box on IB is I believe "time in force box " including day , gtc , and opg , though thanks to your info it seems opg isn't a time in force criteria at all.
 
Last edited:
henry76 said:
The reason why to me it's confusing is the box on IB is I believe "time in force box " including day , gtc , and opg , though thanks to your info it seems opg isn't a time in force criteria at all.
More...

Technically it is a TIF criteria. It's in effect during the auction process.
 
You must log in or register to reply here.
Back
Top