New Release: Conditional Liquidity Seeker

Dttw communications

March 6, 2020

Dear Manager,

We are happy to announce that effective Monday, March 9, 2020, traders will have access to a new destination specifically designed to get dark liquidity from conditional orders.

What are conditional orders?

A conditional order is an instruction offered by some dark pools, where the participant sending the order intends to execute his order flow on a conditional basis.

When there is a potential match for a conditional order, the participant sending the order will get a message giving them the opportunity to accept or reject the match in the form of a Firm-Up response.

Conditional orders are a new way for firms to send large orders to multiple dark pools at the same time, giving them the opportunity to accept or reject a trade before it happens.

In the last couple of years, there has been a huge increase in the amount of volume that gets traded through conditional orders. As a result, we believe this order type will be a great tool for your traders.

The new Conditional Liquidity Seeker in PPro8 will sweep multiple dark venues that provide the conditional order match service for liquidity.

Highlights

  • Available on the NASDAQ, NYSE, and NYSE American (AMEX) markets

  • This destination will sweep the following venues for conditional order liquidities:

    • AQUA Conditional

    • Bank of America Conditional

    • BARCLAYS Conditional

    • Instinet BlockCross Conditional

    • Fidelity CrossStream Conditional

    • Citi (CITIBLOCK) Conditional

    • CODA/PDQ Conditional

    • Credit Suisse CrossFinder Conditional

    • JP Morgan Conditional

    • Level ATS Conditional

    • LiquidNet Conditional

    • Virtu/ITG POSIT Conditional

    • UBS Conditional

  • Price Improvement

  • Minimum Quantity option available

  • Gateway Fee: 0.0015
  • Available Order Type: Limit Day order with the option of minimum execution size

To configure it in Keyboard Setup, you can choose gateway SUPR and destination Conditional Liquidity Seeker.

 

Please Note: DTTW™ will always accept a Firm-Up message from the broker, so there is no need for further interaction from the trader.

Let us know if you have any questions or comments by creating a mojo.

Regards,

Communications Team


*Remember to visit our PPro8 Wiki and Knowledge Base to learn more.

Copyright © 2020 Day Trade The World, All rights reserved.

Make Money by Opening a Trading Office

With DTTW's Technology, Trading Capital, and Risk-Management system.

Accepted Payment Methods:

Payments accepted from DTTW™

Your ability to open a DTTW trading office or join one of our trading offices is subject to the laws and regulations in force in your jurisdiction. Due to current legal and regulatory requirements, United States citizens or residents are kindly asked to leave this website.

© 2011-2020 Day Trade The World™ All rights reserved.

Day Trade the World™ is a registered trademark of Select Vantage Canada Inc. 

Privacy PolicySitemapFraud Alert.