Electronic Platform with special order types

Discussion in 'Order Execution' started by CPTrader, Sep 17, 2003.

  1. ETs,

    Is anyone familiar with a robust electronic trading platform that supports special order types e.g. OCO'S, MIT, AON, Trailing Stops, contingent Orders (If/Then), contingent plus OCO (i.e. If/Then OCO)

    Also, would this platform allow the placement of orders outside of exchange hours. I find that many platforms only allow you to place orders during market hours or in the 0.5 - 1 hour period before exchange opens. It's not fun waking up in the a.m. to place orders prior to the Eurex open. Why can't these platforms accept these orders and keep them in a pending state until the exchanges open?

    Please let me know of ay platform that supports special order types and 24 hour order placement.

    Thank you much.
     
  2. Jasper and BracketTrader come very close.

    And you might try PM'ing Quah for some help designing your own using Excel.

    Good luck.
     
  3. Thanks inandlong. Do you have websites addresses for Jasper & BracketTrader.

    I'm curious - are you ever in and SHORT??!!
     
  4. def

    def Interactive Brokers

    Those programs route to IB and I've heard good things about them. IB' built in order types are currently:

    Basket
    Bracket
    Conditional
    Discretionary
    Hidden
    Iceberg
    Instinet Pegged Market
    Limit
    Market
    MOO, LOO, MOC, LOC
    OCA
    Odd Lots
    Relative
    Request for Quote
    Scale
    Stop
    Stop Limit
    Sweep-to-Fill
    1/10 Cent Orders
    Trailing Stops
    VWAP

    For more info, look under order info on the ib web site.