Is there a reason to EVER use IB SMART for Limit orders?

Discussion in 'Order Execution' started by Daal, Feb 27, 2012.

  1. Daal

    Daal

    Ah, I changed on the configuration thanks. I put Highest Rebate. I just don't think the 'getting a fill' will be an issue the vast majority of the time

    You mention joinning the NBBO and not getting filled what about the insinuation from previous posters that trade troughs can happen?
     
    #11     Feb 28, 2012
  2. Daal

    Daal

    Actually I just realized that changing the configuration will affect market orders. How can I set non-marketable limit SMART orders to always to go for the highest rebate?
     
    #12     Feb 28, 2012
  3. IBsoft

    IBsoft Interactive Brokers

    Open the Global Configuration dialog seen below by clicking "Configure" toolbar item.
    Select "Smart Routing".
    Click the "Stock Strategy" drop-down.
     
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    #13     Feb 28, 2012
  4. Daal

    Daal

    Are you saying this won't affect market orders or marketable limit orders?
     
    #14     Feb 28, 2012
  5. IBsoft

    IBsoft Interactive Brokers

    yes
     
    #15     Feb 28, 2012
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    #16     Feb 28, 2012