{"id":180639,"date":"2021-06-25T17:45:00","date_gmt":"2021-06-25T21:45:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/csfb-twap\/"},"modified":"2023-01-22T13:36:54","modified_gmt":"2023-01-22T18:36:54","slug":"csfb-twap","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/csfb-twap\/","title":{"rendered":"CSFB TWAP"},"content":{"rendered":"<p>The system trades based on the clock, i.e., on a two-hour order the system is 25% done after 30 minutes, 50% done after an hour, etc. Unlike VWAP Algo (Best Efforts), TWAP (time weighted average price) does not speed up or slow down based on projected volume or price moves. However, it does use smart limit order placement strategies throughout the order.  For more information, see the TWS Users&#8217; Guide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The system trades based on the clock, i.e., on a two-hour order the system is 25% done after 30 minutes, 50% done after an hour, etc. Unlike VWAP Algo (Best Efforts), TWAP (time weighted average price) does not speed up or slow down based on projected volume or price moves. However, it does use smart limit order placement strategies throughout the order. For more information, see the TWS Users&#8217; Guide.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13256,13251],"class_list":{"0":"post-180639","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-c","6":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"The system trades based on the clock, i.e., on a two-hour order the system is 25% done after 30 minutes, 50% done after an hour, etc. Unlike VWAP Algo...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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