Taifook Securities Group Limited
Securities Futures Forex & Bullion Research eServices Customer Services About Us
Welcome to www.taifook.com Home 繁體版 簡體版 日本語

Product Highlights  |  Exchanges by Product  |  Order Types  |  Fees & Charges  |  Other Fees  |  Market Data  | 
  | Interest and Margin Rate  |  Account Minimums  |  Futures Delivery  |  Margin Overview  |  Margin (Intraday)  | 
  | Account Activation / Password Change  |  Trading Calendar  |  Statement interpretation  |  Demo  |  FAQs  | 


Sweep-to-Fill Orders

Description

Sweep-to-fill orders may be used when a trader values speed of execution over price. A sweep-to-fill order identifies the best price and the exact quantity offered/available at that price, and transmits the corresponding portion of your order for immediate execution. Simultaneously it identifies the next best price and quantity offered/available, and submits the matching quantity of your order for immediate execution.

 
Exchanges
Native: Simulated (by IB):
  IB Smart
     
TWS Links
For information on how to create sweep-to-fill orders, please refer to the
     

Example

For example, you want to buy 100 shares of XYZ. Destination A offers 20 shares with an ask price of $30.00/share. Destination B offers 40 shares with an ask price of $30.25/share, and Destination C offers 40 shares at $30.25/share. Your order is split up, and simultaneously sent to three destinations, 20, 40 and 40, and executes immediately. The cost for your order is $30.16/share.

   
     

Back



Copyright © 2006 Taifook Securities Group Limited. All Rights Reserved.
Best viewed with Internet Explorer 6.0 or above version only
 


Listed Company General Meeting Notice Board