Order Types and Algos folder

Interactive Brokers provides over 100 order types, algorithms (algos), attributes, and time-in-force options across platforms like Trader Workstation (TWS), IBKR Desktop, Mobile, and Client Portal. These order types are designed to serve diverse trading objectives: speed of execution, risk limitation, price improvement, market timing, privacy, and streamlined strategy implementation. Such a rich toolset supports both basic needs and sophisticated institutional strategies.

TWS Mosaic Order Types and Algos

Basic vs. Advanced Order Types

At the core are fundamental order types like Market, Limit, Stop, Stop‑Limit, and Market-to-Limit. A Market order executes immediately at the best available price; a Limit order specifies the exact price threshold; a Stop triggers a market order at a given level; a Stop‑Limit combines both; and a Market-to-Limit initially executes like a market order and then converts to a limit order for any unfilled portion. These tools are the foundation for price control and execution certainty.

TWS Mosaic Advanced Order Window

Time-in-Force and Fill Constraints

Interactive Brokers supports several time-in-force instructions to control an order’s lifespan. These include Day, Good‑Til‑Canceled (GTC), and Good‑Til‑Date/Time (GTD), which can remain open until manually canceled or a set expiration. For execution rules, they offer Immediate‑or‑Cancel (IOC), Fill‑or‑Kill (FOK), and All‑Or‑None (AON) to specify whether orders should be filled in part, entirely, or be canceled to meet precise execution criteria.

TWS Mosaic Time-in-Force

Conditional & Trigger-Based Orders

Conditional & Trigger-Based Orders To help manage trades dynamically, IBKR provides conditional and trigger-based types. Limit‑If‑Touched (LIT), Market‑If‑Touched (MIT), and trailing versions like Trailing LIT and Trailing MIT activate once a specified price is reached. These orders give traders control to enter or exit positions amid volatility, locking in profits or limiting losses when triggers are hit.

Smart Routing & Algo Tools

Interactive Brokers also features advanced execution tools, including directed liquidity orders like Hidden, Pegged‑to‑Midpoint, and Pegged‑to‑Best, which add privacy and competitive positioning on venues like IBKR’s ATS. Algo tools like Accumulate/Distribute, Adaptive Algo, Arrival Price, and Dark Ice allow slicing, pacing, and optimizing large orders relative to market dynamics.

Order Types and Algos

TWS Mosaic Order Types and Algos

Basic vs. Advanced Order Types

TWS Mosaic Advanced Order Window

Time-in-Force and Fill Constraints

TWS Mosaic Time-in-Force

Conditional & Trigger-Based Orders

Smart Routing & Algo Tools

Information on Other Interactive Brokers Affiliates

Interactive Brokers Canada Inc.

Interactive Brokers Australia Pty. Ltd.

Interactive Brokers Hong Kong Limited

Interactive Brokers India Pvt. Ltd.

Interactive Brokers Securities Japan Inc.

Interactive Brokers Singapore Pte. Ltd.

TWS Mosaic Order Types and Algos

Basic vs. Advanced Order Types

TWS Mosaic Advanced Order Window

Time-in-Force and Fill Constraints

TWS Mosaic Time-in-Force

Conditional & Trigger-Based Orders

Smart Routing & Algo Tools

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