The "Presubmitted" status in the Client Portal Order Ticket means your order is in the IBKR system but being held and monitored by IBKR. One possibility is a market or stop order that will be active during the next Regular Trading Hours session for that contract. You may also see a "Presubmitted" status for a Stop type order that is being held on IBKR’s servers until the stop is triggered. In Classic TWS/Mosaic, the same order status would be described as “Held and Monitored”.
What does "Presubmitted" mean in the Client Portal Order Ticket?
The message refers to who cancelled the order. As an example, Cancelled by System is a message you will see when one OCA leg of an order is canceled by the User then the IBKR system will cancel the other leg of the OCA Group. The message for the first leg will be displayed as User Cancelled as the user acted to cancel the order. The other OCA leg message will show Cancelled by System as the IBKR system was active in cancelling that order. An Invalid Order means the order was either created incorrectly and when submitted the IBKR system would not accept the order. Or the Invalid Order was created in a manner the exchange would not accept or a change occurred like the contract expired so the exchange could no longer hold the order…
To pause an active order in Classic TWS or Mosaic, right-click a working order and select Pause Execution. When you pause a working order, a cancel request is submitted to the exchange and the order is put into an inactive state but remains available on the Orders panel (Mosaic) or Quote Monitor (Classic TWS) for you to resubmit at any time. Please note, the paused order is still included in the value of open but unexecuted orders by the IBKR Credit system because it is queued up and ready to be re-transmitted. To re-submit a Paused order, click on the Transmit button on the order row again. …
A Limit if Touched is an order to buy (or sell) an instrument at a specified price or better, below (or above) the market. This order is held in the system until the trigger price is touched. An LIT order is similar to a stop limit order, except that an LIT sell order is placed above the current market price and a stop limit sell order is placed below…
You can see that the order is being held at IBKR ATS using the mouse-over order status feature. To activate mouse-over order status help, go to Global Configuration (Edit menu in Classic; File menu in Mosaic) and in the left panel select Display…