Pegged-to-Benchmark Orders

The Pegged to Benchmark order is similar to the Pegged to Stock order for options, except that the Pegged to Benchmark allows you to specify any asset type as the reference (benchmark) contract for a stock or option order. Both the primary and reference contracts must use the same currency.

The Pegged to Benchmark order continually adjusts the primary order price by the specified offset based on movement in the price of the user-defined reference contract. To determine a change in price, the reference contract price is subtracted from the "Starting" reference price (or the current NBBO midpoint if no starting price is defined). You may also enter a high/low stock price range that triggers a cancel request when reached.



Products Availability Routing TWS
Stocks US Products Smart Attribute
Options Non-US Products Directed Order Type
Time in Force
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