Peg

Outright Futures, Futures Spreads, and Options. Market or Limit order.

 

Method: Deploys an order as an offset to best levels, maintains distance as market moves away but not toward.

 

Algo Parameters in addition to [Side, Size, Price]

          Tick Offset [Default – 0]

o    Initial placement of child orders relative to best level. 0 means join best, -1 means one tick through the market