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Guerrilla

Trading Term

The GUERRILLA algo works differently depending on the Execution Style you select.

  • Normal and Passive modes: This tactic works orders without displaying bids or offers. When liquidity materializes, it seeks to aggressively participate in the flow. If liquidity is poor, the order may not complete.
  • Aggressive mode: This will hit bids/take offers in an intelligent way based on a fair price model. It minimizes market impact and never posts bids or offers.

For more information, see the TWS Users’ Guide.

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