Trading Course:

Introduction to the Interactive Brokers’ IBUSOPT Order Destination

Level: Advanced

Interactive Brokers’ clients can direct U.S. option orders on the IBUSOPT order destination where they will have the opportunity to interact with IBKR SmartRouted order flow. In this course learn how to access the Interactive Brokers’ IBUSOPT as well as use the various order types available.

Lesson: #1

Order Destination: IBUSOPT
Order Destination: IBUSOPT

Interactive Brokers’ (IBKR) IBUSOPT allows the investor to rest liquidity adding orders option orders and interact with other IBKR investors who send marketable orders.

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Lesson: #2

Using the One-Cancels-Another (OCA) Order Attribute in IBKR’s IBUSOPT
Using the One-Cancels-Another (OCA) Order Attribute in IBKR’s IBUSOPT

The Interactive Brokers (IBKR) IBUSOPT order destination supports One-Cancels-Another (OCA) order attribute, allowing the investor to set up multiple option orders while limiting the overall fill quantity.

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Lesson: #3

IBUSOPT Pegged-to-Best Order Type
IBUSOPT Pegged-to-Best Order Type

The IBUSOPT Pegged-to-Best order type is available for US options directed to the IBUSOPT order destination. It is useful for investors to direct nonmarketable or liquidity providing orders to the IBUSOPT order destination that compete with the near side NBBO.

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Lesson: #4

IBUSOPT Pegged-to-Midpoint Order Type
IBUSOPT Pegged-to-Midpoint Order Type

The IBUSOPT Pegged-to-Midpoint order type is available for US options directed to the IBUSOPT order destination. It is useful for investors to direct nonmarketable or liquidity providing orders to the IBUSOPT order destination at the midpoint.

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