Odd Lot Orders

Opening Orders

An odd lot order to OPEN a new position may only be sent to NYSE or Amex as part of a basket order or as a market-on-close (MOC) order. IB prohibits odd-lot opening orders from being routed to NYSE Arca.

Closing Orders

Odd-lot closing orders may be routed to any market center to which IB routes orders, and can be directed either by the customer or via IB SmartRouting1.

Partial Round Lot Orders

A partial round lot order (PRL), for example 249 shares, will be routed as follows:

For more information, contact IB Customer Service.



Notes: