auto cancel peg

Discussion in 'Order Execution' started by tredar, Jun 17, 2009.

  1. tredar

    tredar

    say you've pegged an order to the inside bid/ask...is there a way in sterling to have the peg auto cancel once the inside has moved x cents away from where you entered the peg?

    like 10.00 x 10.01 i sent a peg to the inside bid. moves 10.02 x 10.03....and i don't want it any more so i manually cancel. any way to just set this up so it happens automatically?