Pegged-to-Market

Submit an aggressive order that is pegged to buy on the best offer and sell on the best bid.

To create a Pegged-to-Market order

  1. Click the Ask price to create a BUY order, or the Bid price to create a SELL order.
  2. In the Dest. field ensure that the destination is Island.
  3. In the Type drop-down select PEG MKT.
  4. If desired, modify the offset amount in the Aux. Price field.
  5. To transmit, click the "T" in the Status field.

 

Available for stock orders direct routed to Island.

For a more detailed description, visit the Order Types information page.