Release: New Peg Order Types for CSE & PURE in Canadian Markets

Release: New Peg Order Types for CSE & PURE in Canadian Markets – Introduction

We are pleased to announce that effective tomorrow, Wednesday, February 28, 2018, Day Trade The World™ will be releasing the following new peg (Dark) order types for the CSE/PURE gateways in Canadian markets.

  • Mid-Point Peg
    Orders are pegged to the Mid-Point of the NBBO. Orders must cross the NBBO or the order will get cancelled back by CSE as the price is not aggressive enough.
  • Market Peg
    Orders will be pegged to the NBBO with buy orders being pegged one tick inside the offer and sell orders being pegged one tick inside the bid.

Peg orders on the CSE are dark orders and can only trade with visible orders. Peg orders are always passive.

For more information, please read the CSE Order Types and Functionality document.

If you have any questions or comments, please create a mojo.

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