We support the following routing destinations for IBKR Order Management System (IBKR OMS):
- IB SmartRoutingSM - Send electronic orders to the IB SmartRouting engine, which searches for the best price across different market centers trading the same product and seeks to execute your order at the best possible price.
- Broker-Neutral - Route to third-party executing brokers that have been added to the IBKR OMS as routing destinations. Select from a number of executing brokers available for routing regular and algorithmic orders on behalf of mutual clients who use the IBKR OMS, and have IBKR add brokers to the routing list based on your preference.
- Desk Route – Desk Route supports custom-designed routing between multiple desks within your firm. For example, set up a Sales desk to receive and enter client tickets and Trading desks to receive and manage orders. This type of configuration allows you to implement the most efficient task-oriented workflow.
- Directed - Send electronic orders to market centers supported by IBKR’s order routing system for direct access. Directed orders are only sent to the user-specified market center and are not visible to other market centers that may also trade the same product.
- Done Away - Record orders that have been manually routed (via phone, e-mail, instant message, etc.) to third-party brokers in the IBKR OMS. Record resulting trades in association with these orders.