Swipe orders in the Takion trading platform

Testing for a couple of days SWIPE orders on the trading platform Takion. They belong to the modified type of orders and are executed in different ways.. Beginners don't think they need it, but for a trader with positions of several thousand I think they will come in handy in their arsenal. They are among the best for removing liquidity in terms of quality, speed / price.. You won't get rebates on them., but get good positions, at reasonable prices.

And so let's take a look at them :

SWIP – it automatically sweeps away everything in its path almost like a market, passing as I understood hidden orders if they are not placed, but are in standby mode.

DEATH- I liked this type of order, it takes into account the possibility of finding hidden orders somewhere along the way, he passes a cent for a cent, until it is convinced that there are no hidden orders at this price.

SPDR – my favorite now. He's like a deferred limiter, but does not light up anywhere and waits for limit orders at a given price and hits them with that volume, how much is there. Let's say you want to buy at a price 10.05$ 2000 Shares, but the volume on the bidet and offer is only a couple of hundred usually. If the price goes up to 10.05 or below, but there is only 200 he will take them back and wait for orders to appear.

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