{"id":179361,"date":"2021-05-10T12:56:00","date_gmt":"2021-05-10T16:56:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/discretionary-order\/"},"modified":"2023-01-22T13:31:37","modified_gmt":"2023-01-22T18:31:37","slug":"discretionary-order","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/discretionary-order\/","title":{"rendered":"Discretionary Order"},"content":{"rendered":"

A limit order for which you define a discretionary amount (which is added to or subtracted from the limit price) that increases the price range over which the order is eligible to execute. The original limit price is displayed to the market. Adding a discretionary amount to a smart-routed limit order makes it a Discretionary Order. For more information, see the Discretionary Orders page.<\/p>\n","protected":false},"excerpt":{"rendered":"

A limit order for which you define a discretionary amount (which is added to or subtracted from the limit price) that increases the price range over which the order is eligible to execute. The original limit price is displayed to the market. Adding a discretionary amount to a smart-routed limit order makes it a Discretionary Order. 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