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Trailing Limit + Market

The TRAIL LMT + MKT order type is available for certain multi-leg combinations. You define the trailing amount, and when the order triggers it behaves the same as the Limit + Market order.

trailLmtplusMkt.gif

 

To create a combination Trailing Limit + Market order

  1. Create a Combination Order line on the Quote Monitor.
  2. Click the Bid or Ask to create a Sell or Buy order line.
  3. From the Type dropdown, select TRAIL LMT + MKT.
  4. Set or confirm the Trailing Amount and Trigger Price.

When you select TRAIL LMT + MKT, the limit price field becomes inactive and the Trigger Price field requires the combo price input.

 

Important Disclosures