What is the IBKR ATS?

U.S. Treasury bills, notes, bonds and TIPS are eligible for electronic transfer from Treasury Direct to your IBKR account via the commercial book-entry system. The transfer process requires that you first provide instructions authorizing the transfer to Treasury Direct (see…

IBKR clients can add liquidity and interact with our retail order flow by direct-routing their US equity and index options orders to the IBUSOPT destination. Orders routed 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…

Interactive Brokers uses its SmartRouting system to determine the best execution venue(s) for each order. For some products, IBKR customers may directly route their orders to a particular market of their choice. IBKR also operates an Alternative Trading System (ATS) in accordance with SEC Regulation ATS, on which it executes IBKR customer trades against each other or against one or more professional liquidity providers who send orders into the IBKR ATS. Order executions on IBKR’s ATS eliminate exchange fees and may offer price improvement compared to the NBBO. …

IBKR Option Liquidity Program allows clients to add liquidity and interact with our retail order flow by direct-routing individual US equity and index option orders to IBUSOPT. The Option Liquidity Tool makes it easy for clients to create strategies to add liquidity and interact with our retail order flow. It's available in TWS and can be accessed from the Classic layout Trading Tools menu, or from the Mosaic New Window dropdown in the Advanced Options Tools section…