Percentage of Volume Strategy

Allows you to participate in volume at a user-defined rate. Order quantity and volume distribution over the day is determined using the target percent of volume you entered along with continuously updated volume forecasts calculated from TWS market data. 

To create a Percentage of Volume algo

1.  Set up the order in the Mosaic Order Entry panel.

2.  From the LMT type field, select IBALGO and then select Percentage of Volume.

3.  Complete the algo parameters and click Submit to send the order.

Note:   Interactive Brokers will use best efforts not to take liquidity, however, there will be times that it can not be avoided.