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IBUSOPT

Trading Term

IBUSOPT is a routing destination where IBKR clients can add liquidity and interact with retail order flow for US equity and index options orders. Orders sent to IBUSOPT will be held at this liquidity-providing destination and will be eligible to participate in an exchange auction to potentially fill against other SMART-routed marketable orders from IBKR clients. All IBUSOPT orders will be used to start an auction at the exchange, though fills are not guaranteed.

IBUSOPT supports several order types including:

  • Limit
  • Relative/Pegged-to-Primary
  • Pegged-to-Market
  • Pegged-to-Midpoint
  • IBUSOPT Pegged-to-Midpoint
  • IBUSOPT Pegged-to-Best

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