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The Accumulate/Distribute algo works to get the best price for your large volume orders while attempting to minimize market impact. It achieves this by slicing large orders into smaller components, and accumulating or distributing over time based on your pre-defined order parameters.
The algo window is divided into four major sections:
- The Algorithm area, where you define the basic parameters of the order.
- The Conditions area, where you specify conditions about price, position and market behavior that must remain true for your order to be valid.
- The order Summary, which displays continuous real-time order progress.
- The Control buttons, which you use to start and stop the algo and apply changes.
It also includes the Orders, Trades and Log panels, and the Quote panel to define the instrument .
To open the Accumulate/Distribute window
- From the New Window dropdown scroll to the More Advanced Tools menu and then scroll up to Accumulate/Distribute.