STANDARD ORDERS
* Market
* Limit
* Market to limit
* Stop Market
* Stop Limit
* Stop Market to limit
SPECIAL ORDERS
* Pegged Order: Limited order that go in the order book at the position specified
by the user. The application will constantly change the price of the order keeping it
always at the specified level.
* Care order: This type of order does not enter into the market, as it is the trader who is in charge "to take care of it".
The trader sends orders to the market, named "child orders" which are assigned automatically by the system to the "Care order" until its complete execution.
* Beat spread static: A limited order that automatically goes one tick ahead of
the best market position at that particular moment. The order will always remain at
this price, that is, if the best price changes (this may not occur), the order would
not constantly shift to the best position.
* Beat spread dynamic: A limited order which automatically goes one tick ahead of
the best position at that particular moment and shifts its position whenever the best
price changes.
* Market Volume Percentage: In this type of order, the user specifies a timeframe
after which the order should have executed x% of the total traded volume in the market
during this period for this specific stock.
* Follow market VWAP: At the end of the time period specified by the user, the
order should have traded at a weighted average price (WAP) as close as possible to the
market WAP during this specific time period.
* X% from middle price static: Limited order which is at x% from the average point
of the spread. The order will remain fixed at this price.
* X% from middle price dynamic: Unlike the previously described price, the average
price and its x% are constantly calculated so that any variances are automatically sent
and the order never loses its position in the order book.
The Multimarket Terminal allows all types of orders that the markets have. Additionally it manages a series of special orders in order to facilitate the job of the trader.
