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Sniper

Trading Term

A CSFB Algo that is very aggressive and will hit bids/take offers that are better than your limit price, but will never post bids or offers. It achieves high participation rates. Note it is not a pure sweep and can sniff out hidden liquidity. As a result, it is often a better choice than placing a limit order directly into the market. For more information, see the TWS Users' Guide.

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