{"id":180013,"date":"2021-06-11T13:07:00","date_gmt":"2021-06-11T17:07:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/pegged-to-benchmark-order\/"},"modified":"2023-01-22T13:34:16","modified_gmt":"2023-01-22T18:34:16","slug":"pegged-to-benchmark-order","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/pegged-to-benchmark-order\/","title":{"rendered":"Pegged to Benchmark Order"},"content":{"rendered":"<p>A Pegged to Benchmark order specifies that the order price will adjust automatically relative to changes in the price of a user-specified reference asset. To determine whether the reference asset price has changed, the system monitors changes to the Last price for indexes, and changes to the Bid (for buy orders) and to the Ask (for sell orders).  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