US Futures Order Handling Rules

Please note the following rules for stop, stop-limit and other orders on the US futures exchanges.

CBOT (E-CBOT)

Stop-Limit Orders: Stop-Limit orders are not supported by the E-CBOT. Interactive Brokers provides customers with simulated stop-limit orders. Orders can be placed at anytime during trading hours.

Stop Orders: Stop orders configured to trigger outside RTH are native to ECBOT and can be placed at any time during trading hours.  Stop orders on ECBOT (and NYMEX) configured to trigger outside of regular trading hours with a trigger method set to bid/ask may trigger based on pre-opening quotes. Please note the following restrictions placed by ECBOT:

CME (GLOBEX)

Stop Orders: Interactive Brokers provides customers with simulated stop orders. Simulated stop orders will only trigger during regular trading hours unless configured by the customer. Regular trading hours are from 9:30 a.m. to 4:00 p.m. New York time. To allow Stop orders to work outside of regular trading hours, in the TWS order line  use the TIF dropdown to check Fill/Trigger outside RTH. If this selection is grayed out, the order is not eligible to work after hours. To set a global default for all eligible Globex Stop orders to automatically be set to trigger and fill outside regular hours, on the Configure menu select Order Presets. In the Futures preset, check the Settings entry Allow order to be activated, triggered, or filled outside of regular trading hours

Stop-Limit Orders: Stop-Limit orders configured to trigger outside RTH are native to GLOBEX and can be placed at anytime during trading hours. Please note the following restrictions placed by GLOBEX:

For Sell Stop-Limit Orders, the limit price must be <= stop price (aux. price)

For Buy Stop-Limit Orders, the limit price must be >= stop price (aux. price)