The app has been popular with Metro customers since it launched as it allows for futures orders to be submitted based on triggers such as last trade or mid-market price. The Vela development team has incorporated customer feedback and rolled out a newer version of the app which now allows for Algo-driven orders such as TWAP (Time Weighted Average Price) orders. These orders allow the trader to set time frames for submitting orders, including time between orders and randomizing the quantity for each order. In addition, traders can now extend orders beyond close of day and keep orders active for multiple days.
The Advanced Order App also allows for user-defined class settings such as price factors for each product for additional customization. The app allows for quick in-line editing of orders within the order viewer so orders can be updated rapidly once placed. Our development team continues to improve the app and will be adding VWAP (Volume Weighted Average Price) orders in the near future.
More About Exegy
Exegy and Bookmap have partnered to launch OmniFeed, which offers real-time depth-of-book market data for US futures and equities.
Exegy’s direct market data feed solution won the award for Best Low Latency Data Feed – Direct at the TradingTech Insight USA Awards 2022.
Morgan Slade, CEO of CloudQuant, joined us last week to talk about Signum’s Liquidity Lamp Summary Data. We talk about finding the edge, how this data is different than anything…