IB and order placement

Discussion in 'Trading' started by jmeyer, Jun 29, 2001.

  1. jmeyer


    With IB long positions are defaulted to the ask and
    shorts or sells to the bid; yet Island and I assume
    INCA will allow the opposite; any help explaining this
    much appreciated. Will other direct access brokers
    allow it??

  2. def

    def Sponsor

    It is just designed that way for speed. You can change your price to with the hotkeys, mouse or keyboard before transmitting.

    The logic is that if you see a price you like and that you want to buy, you'll need to send a price in on the prevailing offer.