limit order in between the bid and ask

Hey, I got no reason not to believe you!

It seems that the industry is going to cents anyway.

 

MTE, yes you can enter orders in penny increments at the BOX via IB. We actually offer 9 ways to join the PIP. Details are here:

http://www.interactivebrokers.com/en/trading/orders/priceImprovement.php?ib_entity=llc

 

I see. Thank you, def!

 

Would the fees be the same or extra for routing to BOX ?

 

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The same if ''smart ''routed to BOX;
IB rep told me its more i[if you ] direct route to any option exchange.

Doble check as always however

 

Just route a PIP order via SMART.

 

def, I don't get it. When I choose SMART destination the PIP order types (REL, PEG STK) disappear, so does the Auc. Strat field. They re-appear only when choosing BOX.

How then do I route a PIP order via SMART?