TradeStation Help

Sweep-ALGO

A Sweep-ALGO order is designed to meet the need for immediacy in order execution by simultaneously accessing available liquidity on multiple exchanges and/or market centers through direct market access. It uses proprietary execution logic to interact with the various exchange order books simultaneously through direct connectivity.

Order Durations

Day

Equity Sweep-ALGO orders may be entered between 9:30 A.M. and 4:00 P.M. Eastern.

Option Sweep-ALGO orders may be entered between 9:30 A.M. and 4:15 P.M. Eastern.

Unfilled orders and leaves expire at the end of the core trading session.

IOC (Immediate Or Cancel) – Single-leg Options and Complex Options Orders Only

Option Sweep-ALGO orders may be entered between 9:30 A.M. and 4:15 P.M. Eastern.

Partial fills will be accepted.

Unfilled orders and leaves expire immediately.

FOK (Fill Or Kill) – Single-leg Options and Complex Options Orders Only

Option Sweep-ALGO orders may be entered between 9:30 A.M. and 4:15 P.M. Eastern.

Partial fills will not be accepted.

Unfilled orders and leaves expire immediately.

Order Behavior