ATS pegged orders

Discussion in 'Automated Trading' started by assafe, Nov 4, 2008.

  1. assafe


    guys i am new to the pegged order type and i am lookin to place the following order
    g.e. if the bid is at 10 and the ask is at 20 i would like to buy the stock at the peg mid (wich is 15) plus 2
    basically what i want to do is to buy my atock at 15 and am willing to pay up to 17 can some one help with this kind of order
    once we have established this my next problem is how can i place the same order if i dont know what is the mid point?
    since i am using the ATS i know the entery price however i dont know the exit price so how can i send an order for the mid pegged +2 with giving that the mid is an "X" since its unkown