Advanced Order App
The Advanced Order App allows futures and options traders to place complex orders that cannot be done using just exchange-supported logic. Users can place limit or market orders as well as place contingent stop loss orders at a user-determined number of ticks behind the executed price of that order.
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 The Exegy development team has incorporated customer feedback and rolled out a newer version of the app which now allows for algo-driven orders such as TWAP (Time Weighted Average Price) orders.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.
Related Resources
Exegy Enhances Iceberg Order Detection Tool with Intraday Data
St. Louis, New York – Feb 29th, 2024 – Exegy, a leading provider of market data and trading technology for the capital markets, today announces the addition of intraday signals…
Building Success, Buying Excellence
4 factors to consider when upgrading trading infrastructure When it comes to building out and upgrading trading infrastructure, firms must decide whether they’re looking for a custom-built, in-house solution or…
Yesterday’s Infrastructure is Today’s Financial Loss
3 Ways Market Data as a Service can Protect Your Business With baseline market volatility increasing, traditional market data infrastructure systems are being pushed to their limits. Exegy’s combination of…