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The Price Wand and Size Wand help you to modify the order price and order quantity using just your mouse. Wands become active when you click and hold the mouse in the Lmt Price or Quantity field on an order line.
To use the price wand
Note: The top of the wand ladder includes MARKET; the bottom is VWAP. These selections change your order type to a MARKET or VWAP order to use the market or vwap price.
The prices in the wand ladder are created using the market price plus/minus the price increment.
To modify increments in a wand
To allow penny increments for US Options in Price wand