Outright Futures, Futures Spreads, and Options. Market or Limit order.
Benchmark: Random Iceberg
Method: Randomly size iceberg slices, replenishing once the prior slice is filled
Algo parameters in addition to [Side, Size, Price]
•Show Quantity [Required]
o Maximum child order size to show
•Pause Between Orders
o Pause between order slices in milliseconds
•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.
•Rand Min / Rand Max [Required]
o Minimum and maximum values for random sizing
•Use Mbo [Default – false]
o Randomize child sizes based on market-by-order population
•Payup Parameters: see PayUp Algo