Getting filled on an uptick with IBKR

Discussion in 'Order Execution' started by jayr95241, Feb 12, 2019.

  1. Hey everyone,

    Today, there was an uptick rule placed on a stock.


    I had a VWAP that was placed to sell x amount of shares. In addition to the VWAP,I had a limit order (placed below the bid), on Interactive Brokers, to sell the same stock. The VWAP was getting filled when the Limit order was not.


    Does anyone know why the VWAP would take priority over a limit order?
     
  2. Robert Morse

    Robert Morse Sponsor

    Where did you send the limit order?
    Where was the VWAP sent?
     
  3. I'd be guessing but your limit order placed below the bid would need to be price adjusted to the uptick and hence fall behind the book to the VWAP order.
     
  4. Both were "SMART" Routed and the VWAP had a limit as well
     
  5. Fain

    Fain

    What venue you send the orders to?
     
  6. Both Smart Routed on IBKR
     
  7. Fain

    Fain

    So what venue did their Smart router route the order to?
     
    MoreLeverage likes this.