They should have used a time or volume weighted
algo order.
Enhance voice, auto and
algo orders workflows, support seamless global order book management, connect external night and algo desks and completely segregate private orders.
Not exact matches
Through a flexible GUI / API, normalize views of liquidity, place
orders and manage
algos with Smart
Order Routing logic to reduce costs and protect liquidity provider relationships.
Initially the following «
Algo»
order types are offered:
Traders who are trading large
orders have access to over 30
algos, including our own Accumulate / Distribute
algo which has customizable logic to help you fill large - volume
orders while adjusting to market conditions based on your criteria.
All the software we have built in the past 20 years — the
order types and trading
algos, account management, research, risk analytics, performance reporting, portfolio modeling and rebalancing tools — are all available to our customers free of any extra charge.
However, you can not use any margin while you place the
order using the
algo.
The least common
order type is
algo, offered by less than half the industry.