Orders been replaced too quickly.....Cancelled by broker.
Hi,
My broker cancelled my spread working orders due to the orders working on the legs are been automatically replaced way too fast for them. Like 10 times/sec. Do you have any solutions on this pls ?
Best Answer
Hi,
It’s possible your quoting orders in the legs are generating excessive messages at the exchange due to changes in the market if the Best Inside Market is updating often.
Autospreader has functionality to create slop ranges to not update quoting orders if outside this range. This will significantly cut down on excessive requoting especially if quoting orders are not close to the inside market.
Autospreader quoting property setting is called Inside Smart Quote.
Note: The functionality does not prevent requoting when order price moves away from the inside market. When the market is returning in favor is when quoting orders won’t update unless it can requote into the Inside Smart Quote range.
Link from our X_TRADER Help Library:
https://www.tradingtechnologies.com/...e-smart-quote/
Thank you and Regards,
TT-PatrickW
