Peg Orders

Pegged to Benchmark

View as MarkdownOpen in Claude

The Pegged to Benchmark order is similar to the Pegged to Stock order for options, except that the Pegged to Benchmark allows you to specify any asset type as the reference (benchmark) contract for a stock or option order. Both the primary and reference contracts must use the same currency.

Products: STK, OPT

More on Pegged to Benchmark Orders

More on Supported exchanges

order = Order()
order.orderType = "PEG BENCH"
#BUY or SELL
order.action = action
order.totalQuantity = quantity
#Beginning with price...
order.startingPrice = startingPrice
#increase/decrease price..
order.isPeggedChangeAmountDecrease = peggedChangeAmountDecrease
#by... (and likewise for price moving in opposite direction)
order.peggedChangeAmount = peggedChangeAmount
#whenever there is a price change of...
order.referenceChangeAmount = referenceChangeAmount
#in the reference contract...
order.referenceContractId = referenceConId
#being traded at...
order.referenceExchange = referenceExchange
#starting reference price is...
order.stockRefPrice = stockReferencePrice
#Keep order active as long as reference contract trades between...
order.stockRangeLower = referenceContractLowerRange
#and...
order.stockRangeUpper = referenceContractUpperRange