Close Navigation
Learn more about IBKR accounts

Snap to Market Order

Trading Term

The Snap to Market order is similar to a pegged order, as the original order price is determined by the current bid/ask plus or minus an offset. But unlike the pegged order price, the “snap to” order price doesn’t continue to peg as the price moves. A Snap to Market BUY order snaps to the ask minus an offset, to set the order price. For a SELL order, it snaps to the bid plus the offset. For more information, see the TWS Users’ Guide.

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.