Pegged-to-Best, an order type unique to IBKR, allows clients to direct liquidity-adding orders to the IBKR ATS that compete not only with the near side NBBO, but with other same side liquidity adding orders resting in the IBKR ATS. We have recently added a second offset to this order type to accommodate orders where the midpoint falls on the 1/2 cent.
Visit the order types page to out more about the IBKR ATS Pegged-to-Best order type
We have added the Reporting page to the Orders section of Global Configuration. Settings hosted in this page include:
Once the Manual Order Time default has been set, clients can access these choices from the Orders > Reporting page of Global Configuration to change default settings. This same "pop-up" process occurs the first time the client attempts to cancel a directed order that supports Manual Order Cancel Time.