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VWAP-ALGO

A VWAP-ALGO order attempts to match the Volume-Weighted Average Price (VWAP) in a security, calculated from the time of order placement to the end of the regular session. VWAP takes into account historical and current volume distributions to adjust the speed of execution.

Order Duration

Day

May be entered between 8:00 A.M. and 4:00 P.M. Eastern.

Orders placed before 9:30 A.M. will become active at 9:30 A.M. Eastern.

Unfilled orders and leaves expire at 4:00 P.M. Eastern.

Order Behavior