EDGA/EDGX (Exchange)

EDGA/EDGX allows the trading of listed NYSE, AMEX, NYSE Arca, Nasdaq, and IEX stocks in quantities from 1 to 30,000. Even, odd and mixed lot orders are supported (even lots are multiples of 100, mixed lots are not, odd lots are orders less than 100 shares).

  • Orders can be placed from 8:00 A.M. to 4:00 P.M. Eastern Time.
  • EDGA/EDGX accepts decimal increments precise to two digits (that is, prices as fine as .01).

In the event of a connection outage between the TradeStation Order Execution Network and EDGA/EDGX, all open orders will remain working in the market as usual.

Order Durations

Day

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

Market orders may only be entered between 9:30 A.M. and 4:00 P.M. Eastern.

Limit 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.

IOC (Immediate Or Cancel)

May be entered between 9:30 A.M. and 4:00 P.M. Eastern.

Partial fills will be accepted.

Unfilled orders and leaves expire immediately.

FOK (Fill Or Kill)

May be entered between 9:30 A.M. and 4:00 P.M. Eastern.

Partial fills will not be accepted.

Unfilled orders and leaves expire immediately.

Minute Orders

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

Unfilled orders and leaves expire after the specified number of minutes has elapsed.

GTC (Good Til Canceled)

May be entered at any time.

Unfilled orders and leaves remain alive, if applicable, across multiple days, for the DAY session only until the order is filled or canceled.

Orders have a maximum life span of 90 calendar days.

Orders are canceled if there is a corporate action or reorg. on the symbol traded.

Orders that are partially filled during, and remain that way until the end of, a DAY trading session, will have any remaining leaves automatically canceled.

GTD (Good Til Date)

May be entered at any time.

Unfilled orders and leaves remain alive, if applicable, across multiple days, for the DAY session only until the order is filled or canceled.

Orders have a maximum life span of 90 calendar days.

Orders are canceled if there is a corporate action or reorg. on the symbol traded.

Orders that are partially filled during, and remain that way until the end of, a DAY trading session, will have any remaining leaves automatically canceled.

Advanced Settings

Advanced settings for order placement on EDGA/EDGX are:

Advanced orders are available between 9:30 A.M. and 4:00 P.M. Eastern.

Order Behaviors

  • Market orders are matched within EDGA/EDGX if EDGA/EDGX is currently the best bid/ask of the market (that is, "at the inside"). If not, the order first attempts to find a match with non-displayed markets (dark pools), then is routed using EDGA/EDGX smart order routing logic. Any residual volume will not be routed to the next price level until all quotes at the current best bid offer are exhausted.
  • Marketable limit orders are matched with the EDGA/EDGX if EDGA/EDGX is currently the best bid/ask of the market (that is, "at the inside"). If not, the order first attempts to find a match with non-displayed markets (dark pools), then is routed using EDGA/EDGX smart order routing logic. Order price may be improved.  Non-marketable limit orders are posted to the EDGA/EDGX book. The best bid and offer in the EDGA/EDGX book will be displayed in the Market Depth window (under either the CINN or the ISEG market participant ID).
  • Stop Market Orders are initially routed to our stop server until triggered. Once triggered, an order routed to EDGA/EDGX will behave as a Market order.
  • Stop Limit Orders are initially routed to our stop server until triggered. Once triggered, an order routed to EDGA/EDGX will behave as a Limit order.
  • An Immediate or Cancel (IOC) order is matched within the EDGA/EDGX book only if EDGA/EDGX is at the inside. Non-marketable orders are immediately rejected, partial fills will be accepted.
  • A Fill or Kill (FOK) order is matched within the EDGA/EDGX book only if EDGA/EDGX is at the inside. Non-marketable orders are immediately rejected; partial fills will not be accepted.
  • Unfilled orders and leaves set for Minute durations (such as 1,3,5 Minute) expire immediately after the designated number of minutes.