On this lesson you will explore direct order routing for IBKR Pro clients using the Interactive Brokers Trader Workstation Classic (TWS) platform. While SmartRouting typically finds the best overall execution, direct routing offers customization for specific scenarios. There isn’t a significant difference in the core functionality of direct order routing between Classic TWS and TWS Mosaic. The main difference would be in the Exchange Selection, when using the Classic TWS you will find your order in the manual column addition, while TWS Mosaic would be located within “Advanced” option. In essence, both platforms offer direct order routing, the main difference will rely on the way if it is streamlined or not.
Please take into consideration that not all order types and algorithms are supported by every exchange.