Although it is not possible to exclude a specific exchange from a SMART routed order, IBKR does offer the ability to either exclude Dark Pools as a routing destination or route to Dark Pools Only. To make this selection:
- Click on Edit followed by Global Configuration
- On the left side, expand the Orders section and select Smart Routing
- Scroll down to the SMART Stock Routing Algorithms section where you can select either “Do not route to dark pools” or “SMART Dark Only”
- Once you have made your selection, click Apply to save your changes and OK to close the window.
Find more information on IBKR's SmartRouting on our website.