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VWAP
VWAP (Volume-Weighted Average Price) orders are supported
for large cap securities only. You can also use the non-guaranteed VWAP Algo.
To create a Guaranteed VWAP order
- Click the Ask price
to create a BUY order, or the Bid
price to create a SELL order.
- In the Type field
select VWAP as the order type.
- If desired, change the VWAP cut-off
time using the TIF field.
- To transmit the order, click the "T"
in the Status field.
A
transmitted VWAP order is accepted immediately and CANNOT BE CANCELLED.
VWAP orders are automatically routed.
For
a more detailed description of VWAP orders, visit the
Order
Types
information
page.
