Interactive Brokers Unveils New Feature to Help Clients Achieve Even Better Price Execution on US Options Trades
IBUSOPT, a new order destination for US equity and index options, is designed to offer clients the opportunity to interact with IBKR SmartRoutedTM order flow and have their orders filled in between the National Best Bid/Offer (NBBO). The IBUSOPT destination helps traders execute options trades more efficiently and effectively and helps achieve better executions by providing traders with more control over their trades by supporting different order types.
IBUSOPT orders will wait for an offsetting order from another IB customer and will not be shown to the market.
The IBUSOPT-Pegged-to-Midpoint order type allows clients to peg their order to the midpoint of the bid-ask spread, meaning that the order will be executed at the midpoint of the NBBO, (the highest bid and the lowest ask). This order type helps traders get better prices by not having to pay the bid/ask spread.
The IBUSOPT-Pegged-to-Best order allows clients to peg their order and compete by one tick with the best bid or ask price available in the market. Traders who use this order type want to ensure that their order is executed at the most favorable prices, regardless of the market conditions.
IBUSOPT is available to all Interactive Brokers clients, including individual investors, advanced traders,
"We are excited to be launching IBUSOPT, which is the latest addition to our cutting-edge trading technology," said
For more information on IBUSOPT, visit https://www.interactivebrokers.com/en/trading/orders/ibusopt-destination.php
About
Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. For the fifth consecutive year, Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its
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Source: Interactive Brokers Group, Inc.