Hello,
Does anyone know of an efficient way to capture the NBB and NBO using IB paper trading? For real trading, I assume it would be as simple as putting in a relative order with an offset of 0, but paper trading does not support relative order types. Considering data.current does not accept bid or ask as a parameter, I am wondering if there is any other way to send limit orders at the NBB/NBO (via IB paper)?
Thanks
Hershel
Hi Austin,
In theory a market order should work, you just don't have that insurance element that you will get the best price at the right time. Alternatively you could put in a limit order with market price as a parameter, but in that scenario you don't have the certainty that your order will get filled (should the price move prior to your order getting filled).
Good luck,
Hershel
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