I'd like to use the new IB Adaptive Algo for automated live trading. I am seeing some reasonably good price improvement with it (0.9 bps) for highly liquid market orders.
Can it be added to the allowed order styles please?
The Adaptive algo order type combines IB's Smartrouting capabilities with user-defined priority settings in an effort to achieve further cost efficiency at the point of execution. Using the Adaptive algo leads to better execution prices on average than for regular limit or market orders.