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Post From: Server-side OCO and Bracket Orders

[2014-09-04 10:53:46] Link To Thread - Link To Post [Go To First Post]
Futures Operator - Posts: 239
SC, thank you. I will post IB's response here in case anyone else is interested. Seems the handling is configurable. Are both the OCO functionality, and the actual stop and target orders from a bracket, all stored on IB's servers? Ben: the bracket order, if the parent order is not executed, is stored on our server, once the parent order is executed it depends on the setting you have selected Ben: if you select the over fill protection Ben: than both orders are stored Ben: if you do not have that selected both orders are sent to the exchange after they are activated Ben: it of course depends as well on the order type Ben: if you select an order type which is simulated by IB, the order will be stored on our server until triggered Where can I read the documentation on all this, and where can I change the over fill protection setting? Ben: https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Forders%2Fbracket.php Ben: https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Forders%2Foca.php Ben: to change the over fill protection you can go in the TWS you Edit > Global Configuration > Presets > select the product you trade, example Stock or Future Ben: scroll down to the OCA Group section Ben: and tick or untick the box overfill protection Does everything above also apply when executing with IB through SierraChart? Ben: yes And the parent for the bracket, if a limit order, once submitted, is it working at the exchange or stored on the server? Ben: it is working at the exchange Thank you, you've been quite helpful. Ben: you are welcome