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Thanks Earl and Dan,
Perhaps another IB rep. will be more definitive.
Good Trading and Good Week-end,
Kate
Dan Goncharoff wrote:
I don't use IB, but I don't believe there are any 'exchange stops'
in equities. All stops are held by the broker. The IB website implies that
they can trigger based on a variety of rules, and that you have the final
choice. Therefore I suggest you read the website, and then communicate with
IB on how to set your system up to do what you want.
Regards
DanG
ketayun wrote:
For US equity, options, and futures markets, stop orders will only be
elected by prices posted during normal NYSE trading hours (9:30 a.m.
to 4 p.m. New York Time, Monday to Friday). In addition for NYSE
listed stock Best Execution stop orders, the order will not be elected
until the NYSE displays a BBO.
So, if you have a sell stop limit at $10.00, and bid passes from $ 10.02
to $9.99, does your stop get triggered?
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