Use the Miscellaneous order fields to apply individual order attributes and set specific rules for OCA groups.
Note: All fields are not always visible. Only fields that apply to the current order will be shown.
OCA group names must be unique to ensure proper handling of OCA orders. Once you use a name, you cannot use it again even after the order fills or is canceled.
Field |
Description |
Allocation | Choose an account, model or portfolio strategy to receive allocation. |
An identifying number you create to track your order. |
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Select a new trigger method for the order. |
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Trigger Once | Check to allow the order to remain triggered until filled or canceled. If left unchecked order will deactivate at the end of the day and will not trigger unless trigger conditions are met. For simulated orders only. |
Routing Strategy | Select a Smart routing strategy. |
Req Market Data |
Check to request market data for the order. |
Check to create a block order. |
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Check to create a sweep-to-fill order. |
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Hidden |
Check to create a hidden order. |
Auto-cancel parent | For orders with a parent-child pair, check to have the parent order canceled when the child order is canceled. |
Check to create an All or None order. |
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Checking this box indicates that you will take all the risk for partially-executed Smart routed combination orders. Note: Only Smart-routed US stock-option and option-option combinations are guaranteed. |
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Consider Cost |
If checked, Smart routing will consider the total cost of executing the order, including commissions and other fees, when deciding where to route the order. If unchecked, only the exchange price is considered. For smart-routed European stocks. |
Check to keep your order in the queue and prohibit from canceling and resubmitting orders intermittently. This feature is used on exchanges that charge a handling fee for orders that remain on the order book for a specified period of time. |
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Hide Pennies |
When checked, hides the penny pricing of your options order. |
Post only |
If checked, when there is non-displayed liquidity at the same price point, the order price is adjusted low (for a buy) or higher (for a sell) by one penny to avoid taking that liquidity. If the order comes in at a price higher (for a buy) or lower (for a sell) than an order already sitting on the book, it becomes an IOC (immediate-or-cancel) order at the better price. |
Deactivate |
Check to deactivate the order, which cancels the order |
Seek Price Improvement |
If checked, Smart routed orders sweep certain exchanges for hidden liquidity at more favorable prices, then checks the dark pools as usual before routing to an exchange. Note that activating this feature may result in slower executions. |
Submits the order only to take the imbalance from an opening or closing auction. |
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OCA Group |
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Group Name |
If the order is part of a one-cancels-all order, enter the OCA name in this field. All orders with the same name in the OCA field become part of an OCA order. Once you use a name, you cannot use that name again even after the order executes or is canceled. |
Partially filled instructions |
Set instructions on how to behave when order is partially filled. Reduced in size: Reduces the quantity of other orders in the group by the partially filled quantity of the order. Please note that using this option without overfill protection may likely result in multiple orders being routed to an exchange. This may result in an overfill, or in a rejection in the case of multiple sell orders where one is tagged as "short sale." Reduced in size (Overfill Protection): Designed to reduce quantity of other orders in the group by the partially-filled quantity of the order, and specifies that only one order at a time will be submitted to an exchange to avoid multiple orders filling (overfill). Cancelled: All orders in the group will be canceled. When selected, "overfill protection" is automatically enabled to prevent an overfill. |
Dictates that only one order in the group will be routed to an exchange at a time. This completely removes the possibility of an overfill. |