How to Create a Pegged-to-Midpoint Order on IB TWS?

Discussion in 'Order Execution' started by Cyrix, Mar 10, 2019.

  1. Cyrix


    I am able to create a Pegged-to-Midpoint order in the API, but I can't find it in TWS (classic).
    Where is it? For a US stock there are only LMT, MKT, and REL. Where can I open a Pegged-to-Midpoint order?

    Order definition:

  2. Does the midpoint order move up and down with the market, or does it only become more and more agressive until it is filled like the REL order?

    Follow up: It seems the mid point order only adjusts in one direction.
  3. I just cut and pasted your "pegged-to-midpoint order" in the search on the IB site and this is the first result - a video presentation