Data Assumptions:
Label |
Value |
$26.31 - $26.32 |
|
Action |
Buy |
10,000 |
|
400 |
|
$26.28 |
|
.02 |
|
Order Type |
Limit |
This is an order to buy 10000 shares scaled into 25 components of 400 shares each.
The first 400 share component is submitted as a buy limit order at the Starting Price of $26.28.
When the complete order fills, the next component of 400 shares is submitted at $26.26 (starting price - price increment).
If price movement results in this order becoming unmarketable, the remainder of the order is held.
Once the price level fills, the next component for 400 shares is submitted at $26.26 (last filled price level - price increment).
This pattern continues until all components have filled, or you cancel the order.
Basic Scale Orders topic.