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Date/Time: Sun, 05 May 2024 14:27:07 +0000



Post From: Nasdaq total view with IB chart trading

[2022-02-08 17:24:52]
1+1=10 - Posts: 270
@User504778

That's a cool idea to be able to type AAPL and let the study add the -NQTV.

I don't have an IB account currently so I can't check for sure but I think the issue is while you can chart in SC using AAPL-NQTV, if you try to send an order to IB it won't recognize AAPL-NQTV as a symbol. In the US, while AAPL is listed on the NASDAQ you can actually trade it on multiple exchanges: e.g. BATS, IEX, NYSE, EDGEA. You can see the exchanges if you scroll down a bit to where it says exchange fees here: https://www.interactivebrokers.com/en/index.php?f=1590&p=stocks2

Most IB investors ask IB to pick an exchange to route their AAPL order to, which IB calls SMART routing. So in AAPL-STK-SMART-USD you're not only telling IB you want to trade AAPL but you also want IB to SMART route it, as opposed to AAPL-STK-NYSE-USD where you want IB to only route your AAPL orders to the NYSE exchange. SC is using the IB's API to communicate and I used to do some programming with that same API and this is how it typically works.

In summary, I think the AAPL-STK-SMART-USD format is necessary.
Date Time Of Last Edit: 2022-02-08 17:25:47