Why can't I do an adaptive order on Futures Options?
Why can't I do an adaptive order on Futures Options?
Loading saved threads...
Hisham Hijjawi · External communityPost link
External question — Personal Finance Stack Exchange
Author: Hisham Hijjawi
Original post: https://money.stackexchange.com/questions/149907
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
Interactive Brokers has the ability to adaptive algorithmic orders that (I'm simplifying this greatly) can split the difference in the bid ask price without human intervention. I can do these types of orders for equity and index options but not futures options. Does anybody know why? I don't like to submit plain old market orders since I want to get the best price possible.
Quote
Report
Bob Baerker · External communityPost link
External answer — Personal Finance Stack Exchange
Author: Bob Baerker
Original post: https://money.stackexchange.com/a/150164
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
Interactive Brokers offers adaptive algorithmic orders for equity and index options. They do not offer them for futures or for futures options (see their web page that lists available order types for each of these securities).
As to why they don't offer this order type on futures, you'd have to call them for that explanation.
Quote
Report
Post Reply
Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: Hisham Hijjawi Source score (net votes, not local likes): 0 Original post: https://money.stackexchange.com/questions/149907 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Interactive Brokers has the ability to adaptive algorithmic orders that (I'm simplifying this greatly) can split the difference in the bid ask price without human intervention. I can do these types of orders for equity and index options but not futures options. Does anybody know why? I don't like to submit plain old market orders since I want to get the best price possible.
Checking account access…