The Bid/Ask Theo is a type of Market-Making Algo. A single theo order type submits the quoting orders a user-defined number of ticks (Bid Offset and Ask Offset) from a theoretical bid/ask price (Theo Bid and Theo Ask). The working orders will automatically reprice based on any changes to the supplied theoretical values or offsets. […]
BrackeTT is an Order Ticket Algo (OTA) that is a simplified version of the TT Bracket order type. When launched, BrackeTT submits a Limit order which, upon being filled, submits additional orders that synthesize the logic of an OCO (one-cancels-other) order. These additional orders allow you to potentially lock in profits with a favorable move […]
The Conditional OMA lets you set one order as the trigger condition (primary order) for working a second order (conditional order). The algo works the primary order and submits the second order on hold. As the first order receives fills, the algo submits the held order into the market and automatically increments the quantity of […]
Direct Entry is a type of Market-Making Algo. A direct entry order type submits the quoting orders based on the direct price supplied in the Bid Prc and Ask Prc inputs. The working orders will automatically reprice based on any changes to the supplied bid/ask price values. Note: For an overview of Market Making Algos […]
The Market Base order type is a type of Market-Making Algo. A market base order type submits the quoting orders a user-defined number of ticks (Bid Offset and Ask Offset) from the current inside market of the quoted instrument. The working orders will automatically reprice based on the movement of the market or changes to […]
The MinVol OMA is an Order Management Algo (OMA) that lets you specify a minimum quantity required at a price level to work an exchange order. The algo will cancel the order if the volume drops below the minimum quantity. If the volume builds back up to the required quantity, the algo will re-submit the […]
The OCO 2 OMA lets you select two orders and apply an OCO (one-cancels-other) OMA to them. When one order is fully-filled, the other order is canceled. Also, when partial fills are received for one order, the quantity of the other order is reduced accordingly. Note: For an overview of Order Management Algos (OMA), refer […]
The OCO OMA lets you adopt two or more working orders in the Order Book and apply an OCO (one-cancels-other) OMA (Order Management Algo) to them. When one order is fully-filled, the other orders are canceled. Also, when partial fills are received for one order, the quantities of the other orders are reduced accordingly. The […]
The Reference Base order type is a type of Market-Making Algo. A market base order type submits the quoting orders a user-defined number of ticks (Bid Offset and Ask Offset) from the current inside market of the reference instrument (Ref Instrument). The working orders will automatically reprice based on the movement of the reference market […]
Single Theo is a type of Market-Making Algo. A single theo order type submits the quoting orders a user-defined number of ticks (Bid Offset and Ask Offset) from a single theoretical price (Theo Price). The working orders will automatically reprice based on any changes to the supplied theoretical value or offsets. Note: For an overview […]
Note: To use this TT Order Type, your company administrator must provide you with access to the Advanced Options Package and set your account permissions in Setup. TT Autohedger allows traders to programmatically hedge their options trades with the underlying instrument. The TT Autohedger order type is used when submitting an order for an options […]
A TT Bracket order submits a Limit or Stop order accompanied by an OCO (one-cancels-other) order. When the original Limit or Stop order is filled, the child OCO order is automatically submitted. The OCO is set with a profit target offset and a stop loss offset from the price the trader places the original order. […]
A TT Iceberg order executes a large volume order by breaking it into smaller disclosed orders, publicly displaying only the specified portion instead of the full order quantity. When one disclosed portion fills, the next portion is entered into the market. This process continues until the order is filled. Behaviors The following examples illustrate how […]
An If-Touched is an order that is triggered when the market has reached or traded through a specified price in the market. If-Touched orders are similar to Stop orders except the trigger price behavior is inverted. An If-Touched trigger price is typically set better than the current market. Buy If-Touched orders are generally placed below […]
TT Multi-Level Bracket is an Order Ticket Algo (OTA) that allows you to take a position in an instrument and exit at one or more prices. Note: For an overview of Order Ticket Algos (OTA), refer to this article in the ADL help: https://library.tradingtechnologies.com/adl/ac-order-ticket-algos.html The algo is submitted by placing a Limit order at a […]
Note: To use this TT Order Type, your company administrator must provide you with access to the Advanced Options Package and set your account permissions in Setup. The TT OBV (Order by Volatility) lets you enter an order for an options contract by entering a desired volatility. The TT OBV places the order at the […]
A TT OCO (one-cancels-other) order submits two orders of the same quantity at different price levels on the same side of the market. This order allows you to potentially lock in profits with a favorable move or prevent a downside loss without having to constantly monitor the position. A TT OCO submits a profit order […]
TT Order Types provide the ability to create and manage order templates. These templates allow you to save frequently-used order settings for future use. For example, suppose you created a set of order parameters designed for different instruments, but do not want to change the instrument each time that you submit the order. Instead, you […]
What is a TT Order Type? A TT Order Type order is a synthetic order that manages the submission and execution of other orders in the market. TT Order Types provide more robust order execution functionality than exchanges support natively. They offer order types not supported by exchanges or provide more options than exchange-native order […]
A TT Retry order is a synthetic order that repeatedly submits a child order until it is accepted by the exchange or until it is rejected a specified number of times, based on: The time to submit the first child order The maximum number of times to send a child order The time between retry […]
TT Sniper is an Order Ticket Algo (OTA) that allows you to hide your intent to buy or sell at a given price until there is quantity available at that price on the opposite side of the market. Note: For an overview of Order Ticket Algos (OTA), refer to this article in the ADL help: […]
TT Stop is an order that is triggered when the market has reached or penetrated a specified price in the market. Stop triggers are typically set worse than current market prices, which means that Buy Stops are placed above the current last traded price, while Sell Stops are placed below the last traded price. Note: […]
A TT Time Duration order slices a large quantity order into smaller disclosed order portions for a specified duration to achieve the total goal quantity; child order portions are entered into the market based on an interval or disclosed quantity. A TT Time Duration order defines the total time desired to achieve the total goal […]
A TT Time Sliced order slices a large quantity order into smaller disclosed quantity orders. Child order portions are sent to the market at fixed time intervals. The resting portion might not be filled before it is time to disclose the next portion. Behaviors The following examples illustrate how you can configure a TT Time […]
TT Time Weighted Average Price (TWAP) may be used to fill large orders when a trader wants to keep the executed trade price as close as possible to the average market price without alerting other market participants to order volume. TWAP avoids conspicuous trades by breaking up an order into smaller slices and submitting those […]
Timed orders are used to manage a trading day (e.g., exit by market close). For instance, you might want to submit an order as soon as the market opens, or exit a position just before the market closes. TT Timed order parameters schedule an order’s start date and time and/or end date and time and […]
A TT Trailing Limit order submits a native limit exchange order into the market then dynamically adjusts the price to stay within a specified distance of the market if it moves away. This means: A Buy Trailing Limit sets the price a fixed amount below the market price. The order moves higher if the market […]
A TT Volume Duration order defines the total amount of traded volume needed to achieve the total order quantity. Users may set TT Volume Duration parameters as either a desired volume or disclosed quantity. The Interval (default) specifies the number or percentage of contracts that must trade to trigger a slice to enter the market. […]
A Volume Sliced order slices a large quantity order into smaller disclosed orders based on trading volume. The resting portion may not be filled before there is enough trading volume to submit the next portion. The “Leftover” parameter for a TT Volume Sliced order indicates how to handle the resting order when it is time […]
A With A Tick (WAT) order is a limit order that is automatically repriced one tick towards the market based on the price and quantity of the opposite inside market as follows: When best available price is more than one tick away from the limit price, the WAT order is repriced. If the best available […]
The With A Tick OMA gives you the ability to apply With A Tick (WAT) logic to a working order using either the Order Book or Floating Order Book widget. The WAT logic automatically reprices the order one tick towards the market based on the price and quantity of the opposite inside market. Note: For […]