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This algo strategy allows your order to work more aggressively at the start and less aggressively towards the end, or vice versa. It lets you participate via volume at a user-defined rate that varies with time based on the initial and terminal participation rates that you specify. The algo will then calculate the rate of participation between the start and end times.
To submit a Time Variant Percent of Volume Order
1. Set up the order in the Mosaic Order Entry panel.
2. From the LMT type field, select IBALGO and then select Time Variant Percentage of Volume.
3. Complete the algo parameters and click Submit to send the order.