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QB Strobe

Trade on schedule and attempt to capture the spread. This algo positions itself for opportunities to capture the spread while keeping to a user-defined time schedule.

To access QBALGOS from Mosaic Order Entry

1.  Click "advanced" to display more order parameters.

2.  From the Destination field select QBALGO.

3.  From the Algo parameters list, select the QB Algo to use, in this case select Strobe.

Note:  Click the "star" icon to add QBALGOs to the favorites list. Going forward, it will appear as a selection in the order type field and you can select it without going into the advanced window.

Parameters

Field Name

Description

Valid Values/ Default Value

Start Time Optional: Set a start time.  
End Time Set an end time. Required if Duration is not set.
Duration (Minutes) Set the maximum time to work the order, in minutes. Required if End Time is not set.
Benchmark Choose from Volume-Weighted Average Price (VWAP) or Time-Weighted Average Price (TWAP) benchmarks.

 

Volume % Enter percentage of volume. From 0.0 to 1.0

Important Disclosures