simulated Market order

Discussion in 'Order Execution' started by clearpicks, Aug 8, 2007.

  1. Is there anyone knows how InteractiveBrokers simulates Market orders if the primary exchange does not support Market order as a "native" order type? Is it a better solution if I always submit a Limit buy/sell order which is a few ticks (i.e. 10 ticks) higher/lower than the current ask/bid price than using the "Simulated" Market order supported by IB TWS?

    - Clearpicks