CQG offers a suite of Smart Orders that includes Funari orders. A Funari order requires any unfilled order quantity be executed as a market order at either the morning close or afternoon close (market-on-close).
For this order type, any unfilled order quantity is executed as a market order at either the morning close or afternoon close.
Funari orders are sent directly to the exchange.
Only a small number of exchanges offer this order type through CQG, and within those offerings only a small number of instruments can be traded using this type.
Placing these orders requires an enablement from CQG and from you in Smart Order Preferences.
1. Click the Special Orders arrow and select Funari, like this:
You’ll want to ensure that OCO is selected if you do not want to place a bracket order. One or the other must be selected, and OCOs require an additional step to turn on.
Notice that the order type icon and watermarks change:
2. Place the order. If you have confirmations turned on, click OK. It will look like something like this on the DOM:
