The Existing Order block is a trading block that allows an Order Management Algorithm to take control of an existing order. An Existing Order block works in conjunction with a Single Order Container block to manage the order using the following process:
Example 1 An Existing Order block recieves information about the order to which the algo has been applied. The Existing Order block generates a discrete message containing the order's information which downstram blocks can use to control the order.
Example 2 Using an Existing Order block to join the offer
Applying the Existing Order block functionality to an existing order is referred to as creating an Order Management Algorithm (OMA). The following rules govern the behavior of OMAs:
After saving and deploying an Order Management Algorithm to an Algo server, it can be applied to an existing order through the Order Book widget.
To customize the block, update the Block Properties.
|Name||Name to display beneath the block on the ADL canvas|