IB: LOO orders

Discussion in 'Retail Brokers' started by thetrendfollowe, Oct 30, 2009.

  1. Hi,

    Does anybody on here have experience with Limit-on-open orders?

    I had a limit-on-open order in for 100 AAPL at 210.00.
    But it didnt execute (even though the price opened well below my limit price) and I got an error message saying: "Your limit order did not execute at the opening price".

    And then the order cancelled itself like its supposed to.

    But I wonder why it didn't execute?

    This was using the Paper trader, My account has cash 100k so I had enough to easily cover the margin.

    Any ideas guys?

    I will call IB on monday to find out what the Go is but it would be nice if I could have an idea beforehand.