Does the adaptive algo work on spreads or only single orders?

To place an order at Interactive Brokers you must do so through one of our trading platforms. For information on how to place an order in your preferred trading platform, please visit one of the pages below:…

An Adaptive Algo order works by default with destination SMART and cannot be direct routed to an exchange.

More information on the Adaptive Algo can be found on our website…

In the case of a rollover order, each leg of the spread is treated as an independent order for commission purposes.

More information on commissions can be found on our website…

BM is the code used in the IBKR trading platforms for Bolsa de Madrid, the Spanish Exchange.

For more information on the available exchanges, visit the Exchange Listings page on our website…