Order Routes for Equities
The order route specifies how your equities order will be routed to a market participant.
There are different order execution rules and Advanced order placement options available depending on the market participant chosen.
From the Equities tab of the Trade Bar, use the
Route drop-down list to select
the desired order route.
Each
order route is uniquely different and must be considered before selecting
the order route type.
For each equity route type listed below, the following sections are available to you.
- Order Durations - Contains each order duration type for equity orders with specific information about each order route, i.e., hours of operation, when orders may be entered, when orders will cancel, the lifespan of the order, etc. For more detailed information on order durations for equities, see Trade Bar Durations for Equities.
- Advanced Settings - Based on the order route and order duration type selected, the Advanced settings are enabled or disabled in the Trade Bar. Advanced settings for equities order placement are listed under each equity order route type.
- Order Behaviors - Contains a list of behaviors that are applicable for the selected route type, as each order route type has its own unique order behavior. Behavior for orders will vary depending on the route chosen.