In order for IBKR to route a Pink/OTC order, the client must enter a marketable limit order that meets the Minimum Quotation Size listed below. If your order is not marketable then you will receive the reject message "No route for non-marketable order that does not meet the Minimum Tier size”. Please note, it is possible that ArcaEdge may hold a non-marketable order if they are quoting the symbol.
If you submit a marketable OTC/Pink order or an order with the size equal to or exceeding the Minimum Quotation Size and the order does not trade, then you need to hover your mouse over the TWS Order Status field and see if the order is being actively Price Capped. You would then have to contact IB Customer Service and request the price cap be updated.
The Minimum Quotation Size Requirements For OTC Equity Securities:
| Price (Bid or Offer) | Minimum Quote Size |
| 0.0001–0.0999 | 10,000 Shares |
| 0.10-0.1999 | 5,000 Shares |
| 0.20–0.5099 | 2,500 Shares |
| 0.51–0.9999 | 1,000 Shares |
| 1.00–174.99 | 100 Shares |
| 175.00 | more than 1 Share |