Hidden Order Handling using Simulated Hidden Orders

IB will attempt to route hidden orders to exchanges that support the order type natively. If there are no exchanges available with native support of hidden orders, IB may simulate a hidden order by holding the order and submitting an Immediate or Cancel order to an exchange when the order becomes marketable.

Although IB will attempt to handle a hidden order in the same way that it would be handled natively on an exchange, there exists a remote possibility that an execution will be delayed or may not take place. Execution of hidden orders is on a best-efforts basis.

Interactive Brokers Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the CIRO AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.


Know Your Advisor: View the CIRO AdvisorReport