Event TradingOrder Submission

Introduction

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Order Submission for Event Contracts function the same as any other instrument offered at Interactive Brokers.

There are some unique order behaviors for both CME Group and ForecastEx contracts:

  • Event Contracts only support Limit Orders* Event Contracts only support a Time in Force of Day, Good till Canceled, or Immediate-Or-Cancel.
    • Event Contracts do not support Cash Quantity in the TWS API. Orders must be submitted as whole-share values.
    • CME Group instruments can be bought and sold and function as normal futures options.
    • ForecastEx instruments cannot be sold, only bought. To exit or reduce a position, one must buy the opposing Event Contract, and IB will net the opposing positions together automatically.

Event Contracts cannot be sold short.