Alternative Midpoint Peg Order

Derivatives
Worse-Of Option
April 13, 2021
Financial Analysis
Financial Leverage
April 13, 2021

A peg order (midpoint peg order) that is used to peg the price to the less aggressive side of the midpoint of the market best bid and offer (MBBO) by a small fraction (e.g., a single tick).

This order can have a time-in-force (TIF) of immediate or cancel.

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