Orders rejected in Live mode with IB. by Maly Lemire

Maly Lemire INVESTOR

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Hi,

I'm getting "Cash needed for this order" error from IB with a real live account and a market order.

I've set SetBrokerageModel(BrokerageName.InteractiveBrokersBrokerage, AccountType.Cash);.

I'm using CalculateOrderQuantity(symbol, 0.93m) to get the proper quantity.

.93m is a totally random percentage that seems to work most of the time.

I'm buying TVIZ, a very volatile but low volume stock.

Since I don't have a margin, is there any ohter setting I have to use?

Do or can quant connect use current AskPrice only to evaluate market order quantity?

My goal is to always use 1m without any rejected orders.

Thanks

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Maly Lemire

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David Eldringhoff

5.4k ,

I called IB yesterday about a margin question. The volitility products like you're mentioning have a variable initial margin require ment which can actually go over 100% meaning even if you had 50k in account you may not be able to buy 50k in the volitility product

Maly Lemire

355 ,

Hi,

Thanks for the info. I'm trying to find numbers for the initial margin requirement but found nothing.

David Eldringhoff

5.4k ,

You won't. You have to attempt a trade in the workstation and view the order confirmation or call them. It's a total pain. They don't display margin information in any user friendly way

Maly Lemire INVESTOR

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