Outright Futures, Futures Spreads, and Options. Limit order.
Benchmark: Exchange Iceberg
Method: Sends a group of exchange-side iceberg orders with a specified show quantity.
Algo Parameters in addition to [Side, Size]
•Start Time [Default – Now]
o Time after which the algo will begin execution. No slices will be released before this time. This time can be in the recent past, so long as the Computed End Time is in the future.
•End Time [Default – Not Set]
o If set, this value represents the Computed End Time.
o At this time, all slices in the market will be paid up. Non-working size will be cancelled.
o Cannot be specified with Max Duration In Minutes.
•Max Duration In Minutes [Default – Not Set]
o If set, this value is added to Start Time to yield the Computed End Time.
o At the Computed End Time, all slices in the market will be paid up. Non-working size will be cancelled.
o This value cannot be specified with End Time.
o If neither this value, nor End Time are set, the Computed End Time will default to End of Session.
•Interval in Seconds [Default - 0]
o Slice entry interval in seconds, zero means all at once.
•I Won’t Ticks [Default – 0]
o If set to a negative number, the unfilled balance of this order will convert to a market order if, after a partial fill, the market moves against by the specified number of ticks.
o If this number is a positive number, the algo performs as if it were a market-if-touched.
o If zero, this go-to-market functionality is turned off.
•Num Slices [Default – 1]
o The number of slices to send, slices will be sized linearly with respect to this parameter.
•Max Show Quantity [Default – 1]
o If Randomize Show Quantity is set to true, this is the maximum show quantity, if false the show quantity is set to exactly this value.
•Randomize Show Quantity [Default – false]
o Boolean value that determines whether show quantity is randomized
•PayUp Parameters: see PayUp Algo