Parameter | Value |
Symbolset | The parent symbolset of the chosen symbol |
Instrument | The symbol to trade |
Total Quantity | The total quantity of the POV order to be placed |
Percentage to Trade | The percentage of the total quantity chosen to actually send to the market. |
Child Order Interval | The duration of each clip |
Randomness | Random variation in seconds added to the child order interval. |
Target % of ADV | The level of participation in the market; the strategy will not exceed this percentage of market volume. |
Round Lot Size | The size of a round lot in the market; the strategy will quantise child orders at this granularity. |
Max Child Order Size | (Optional) the maximum quantity to trade in a clip. |
Max aggression | The aggression level at which to cap the used pricing models. |
Side | BUY or SELL |
Order Type | Limit orders will not trade worse than the specified price, and will not work child orders up to market orders. As with any limit order, complete execution is not guaranteed. |
Limit Price | Only applied to limit orders. Used to cap/floor child order prices, and to restrict which trades in market are counted for determining eligible volume. |
Max eligible % of ADV | Trades over this percentage of the ADV will be excluded from the market quantity when determining the size of child orders. This is intended to remove from consideration trades that are large enough to distort the market, and the resultant effect that the strategy would place large child orders in the wake of such trades. |
ADV | If set to 0, the system will use a pre-loaded ADV. If this is set to 0 and no ADV is loaded, the strategy will not trade and must be manually deleted after creation. |
Start Time | Start hour/minute of the strategy, which should fall within the start and end time of the chosen volume curve |
End Time | End hour/minute of the strategy, which should be after the start hour/minute and fall within the start and end time of the chosen volume curve. |