Discussion in 'Retail Brokers' started by hermit_trader, Aug 26, 2003.
When trading more than one contracts, is IB using FIFO?
i'm trying to imagine a situation where it matters....?
yes. And I believe it would matter if you are subject to wash sale rule.
I think the question needs a bit more info. Are you refering to accounting policies or order filling? You say contracts, so I assume you are trading emini's which aren't subject the wash sale rule. So I assume you mean order fills? In which case, IB just sends them to Globex, and Globex does fill FIFO.
I understood you to mean option contracts. From an accounting standpoint they use FIFO.
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