Snap-to-Primary order is recognized by its functionality to calculate an initial execution price based on the prevailing bid/ask price, adjusted by a user-defined offset value. Unlike pegged orders, the price doesn’t continuously adjust as the market fluctuates.
By implementing this tool to your strategy, you would be able to use the offset amount to control execution aggressiveness without necessarily hitting the exact bid or ask price.
This lesson will focus on four topics: Order Entry, Activate Snap-to-Primary, Set Offset Amount, the last one, Submit and Monitor. Improve your execution and efficiency now with this lesson.