IB Relative/Pegged-to-Primary Order

Discussion in 'Order Execution' started by dunkindog, Dec 6, 2008.

  1. dunkindog


    When I submit a relative/pegged-to-primary bid through IB with a zero offset, the bid adjusts up but it doesn't roll-back when the market moves down. I checked the documentation for TWS, which states:

    NOTE: For orders with a "0" offset, the order is submitted as a limit order at the best bid/ask, and will move up and down with the market to continue to match the inside quote.

    Why doesn't this work for me? What am I missing?
  2. samaritan

    samaritan Interactive Brokers

    dunkindog, PM sent.
  3. dunkindog


    Seems to be working now. I must have been placing the order incorrectly.
  4. i've noticed that if you send this order type to ARCA it doesn't always work all the time