IB and over night trades on ES?

Discussion in 'Order Execution' started by nasdaqmadness, Jun 17, 2003.

  1. I Want to do some evening session break out trades on ES and I have read in some thread that you cant use a stop order but must use a stop limit for over night trades with IB. Is this true?
  2. Steve_IB

    Steve_IB Interactive Brokers

    Stop-limit orders are native to Globex, and you can use them at anytime.
    If you want to use stop orders overnight - these are simulated by IB, and you will need to configure your TWS in order for them to work. You can do this, via Configure>>Order>>Stop Trigger Method
  3. thanks Steve
  4. is that when Globex reopens

    at midnight EST

    a trader still has to wait 1 more hour

    for IB to reset and open up for business

    I would guess that there are some other firms out there
    that are open for business when globex reopens

  5. hong kong office just told me you can offset and liquidate
    using market order if needed in the 12 am - 1 am EST time frame

    and they might even waive the $30 order desk fee

  6. Steve_IB

    Steve_IB Interactive Brokers

    Yes, there's not too much we can do about that until we have a 24 hour system - which is being worked on. Your only other choice is to switch servers to the Hong Kong server which shuts down at 3pm EST for about 20 minutes. For closing orders you can also place them by phone
  7. Your only other choice is to switch servers to the Hong Kong server

    yes I would like another waiter please !