Order Book

Passing and accepting orders

Passing and accepting orders

Using the Order Book widget, you can pass partially filled, held, modified, or unchanged working orders except for the following:

  • Synthetic orders and TT Order Types.
  • Working Cross orders or any other OTC/Wholesale orders.
  • Parent and child orders submitted by an ADL algo.

Note: The orders pane of the Orders and Fills widget also supports order passing.

Passing an order

To pass an order:

  1. Select a working order in the orders pane of the Order Book widget or Orders and Fills widget.
  2. Click the Order Passing button and select a target user group.

    After initiating the order pass, "Pending Out" is displayed in the Pass State column. The row is highlighted in orange to indicate it is in the process of being passed.

    Click Undo Pass if you want to cancel the pass and select a different "caretaker" group.

Accepting a passed order

When an order is passed to you, the following is displayed in your Order Book widget:

  • An orange highlighted order row in the orders pane with Pending In displayed in the Pass State column.
  • The name of the user group passing the order to you displayed in the Caretaker column.

To accept a passed order:

  1. Select the passed order in the Order Pane.

  2. Click the Order Passing button and select Accept orders.

    To reject the passed order, you can select Reject orders.

    After accepting the passed order, your group name is displayed in the Caretaker column. The Original Group column shows the name of the user group that initially passed the order.