Kostia- I went live with these today and they aren't behaving anything like one would expect (e.g. not rolling back with lower bids / higher asks, not executing when within discretionary amount). It was costly. Could you please PM me an email address where I can send you some examples?
if I understand right this discussion is mainly about stock (island). I would like to peg a options order (I tried peg order with "peg to stk") but I had to find out that the execution is not like I would expect and it seems to me that the order is not moved in a correct way. Does anybody have knowledge how to peg options orders in a way that they change with a change in the stock price (e.g. if the stock moves 1 cent up I like to pay 1 cent more for the option)?
IB users please note that we found two issues relating to Pegged-to-stock orders. The issues are fixed and released.