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Miscellaneous

Use the Miscellaneous order fields to apply order attributes and set specific rules for OCA groups.

OCA group names must be unique to ensure proper handling of OCA orders. Once you use a name, you cannot use it again even after the order executes or is canceled.

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Field

Description

Order Ref

An identifying number you create to track your order.

Large Shareholder

For large shareholders trading Canadian products. Use the dropdown selection list to appropriately mark your order.

Trigger Method

Select a new trigger method for the order. To modify the default trigger method use the Global Configuration tool and select Orders>Order Defaults.

ISE Midpoint Match

Choose from Standard or SOI for an ISE MPM order.

Req Market Data

Check to request market data for the order.

Block Order

Check to create a block order.

Sweep to Fill

Check to create a sweep-to-fill order.

Hidden

Check to create a hidden order.

All or None

Check to create an All or None order.

Non-Guaranteed

Checking this box indicates that you will take all the risk for partially-executed Smart routed combination orders. Note:Only Smart-routed US stock-option and option-option combinations are guaranteed.

Preserve Time Priority

Check to keep your order in the queue and prohibit from canceling and resubmitting orders intermittently. This feature is used on exchanges that charge a handling fee for orders that remain on the order book for a specified period of time.

Hide Pennies

When checked, hides the penny pricing of your options order.

Consider Cost

If checked, Smart routing will consider the total cost of executing the order, including commissions and other fees, when deciding where to route the order. If unchecked, only the exchange price is considered.

 

For smart-routed European stocks.

Post only

If checked, when there is non-displayed liquidity at the same price point, the order price is adjusted low (for a buy) or higher (for a sell) by one penny to avoid taking that liquidity. If the order comes in at a price higher (for a buy) or lower (for a sell) than an order already sitting on the book, it becomes an IOC (immediate-or-cancel) order at the better price.

Deactivate

Check to deactivate the order, which cancels the order

Seek Price Improvement

If checked, Smart routed orders sweep certain exchanges for hidden liquidity at more favorable prices, then checks the dark pools as usual before routing to an exchange. Note that activating this feature may result in slower executions.

Bypass market cap

If checked, the IB price cap/price floor will not be enforced. Please note that this may result in an execution price outside of what is considered fair or consistent with an orderly market.

Imbalance only

Submits the order only to take the imbalance from an opening or closing auction.

OCA Group

Group Name

If the order is part of a one-cancels-all order, enter the OCA name in this field. All orders with the same name in the OCA field become part of an OCA order. Once you use a name, you cannot use that name again even after the order executes or is canceled.

Partially filled instructions

Set instructions on how to behave when order is partially filled. The default is to have other orders in the OCA group proportionately reduced in size based on the quantity of the filled portion.

Overfill Protection

Dictates that only one order in the group will be routed to an exchange at a time. This completely removes the possibility of an overfill.