Good After Time (GAT) Orders
An order that uses the good after time/date field is held in the IB system and submitted to the market on the date and time you specify.* You must display the Good After Time field to use this time in force.
Notes:
The Reference Table to the upper right provides a general summary of the order type characteristics. The checked features are applicable in some combination, but do not necessarily work in conjunction with all other checked features. For example, if Options and Stocks, US and Non-US, and Smart and Directed are all checked, it does not follow that all US and Non-US Smart and direct-routed stocks support the order type. It may be the case that only Smart-routed US Stocks, direct-routed Non-US stocks and Smart-routed US Options are supported.
| Products | Availability | Routing | TWS | ||||
|---|---|---|---|---|---|---|---|
| Crypto | US Products | Smart | Attribute | ||||
| Bonds | Non-US Products | Directed | Order Type | ||||
| Forex | Time in Force | ||||||
| Futures | |||||||
| FOPs | |||||||
| Options | |||||||
| Stocks | |||||||
| Warrants | |||||||
| Crypto Notes: Available in Desktop TWS only and for SELL orders only. | |||||||
| View Supported Exchanges|Open Users' Guide | |||||||
Example
Order Type In Depth - Good After Time/Date Order
The example below applies to Limit orders as well as Market orders.
Step 1 – Enter a Good After Time/Date Buy Order
You're in Honolulu and want to buy 500 shares of XYZ stock on the NYSE. You expect volatility and wide markets at the open but you need to fill this order and you're 6 hours behind. You use a Good After Time/Date market order to ensure that your order is not submitted until a specific date and time.
First use the Customize Layout feature to add the Start Time column to the trading screen. Then create a market order for 500 shares of XYZ and use the Calendar icon in the Start Time field to select July 22, 10:00 am Eastern Time. You transmit the order. The submitted order is held in the IB system until the specified time and date, and is then submitted to the market.
Step 2 – Order for 500 Shares Transmitted
You've transmitted your limit order, which will be held in the IB system until the specified time and date.
| Assumptions | |
|---|---|
| Action | BUY |
| Qty | 500 |
| Order Type | MKT |
| Market Price | 16.61 |
| Start Time | July 22, 20XX, 10:00 AM EST |
Step 3 – Order is Held Until the Specified Date and Time
On July 22, 20XX at 10:00 AM Eastern Time, your market order is submitted and filled at the market price of 16.60.
| Assumptions | |
|---|---|
| Action | BUY |
| Qty | 500 |
| Order Type | MKT |
| Market Price | 16.60 |
| Start Time | July 22, 20XX, 10:00 AM EST |