order types on NYSE(LIFFE), CME, CBOT etc. with IB

Discussion in 'Order Execution' started by stoxx4shortrun, Nov 4, 2009.

  1. Hello

    anyone has info on how stops and mkt orders on futures exchanges are handled at IB ?

    I know this is related to the exchange but I got several orders rejected on NYSELIFFE because of out of range limit, although it was just a few points in YG .
    I wonder what happens with stop limits then on NYSELIFFE. And what about CBOT ?
  2. wilson1


    IB is on of those brokers that keeps their stop book at the firm rather than with the exchange. When IB sees your price triggered it shoots the order in as a market order. As for your regular market orders they are sent in as Market Protected as would anyone elses. I learned the hard way:)