Create a Discretionary Order
A Discretionary Order attribute can be applied to a smart-routed limit order. You define a discretionary amount, which is added to or subtracted from the limit price, that increases the price range over which the order is eligible to execute. Only the original limit price is displayed to the market.
To create a Discretionary order
Display the Discretionary field on an order management line:
On the Page menu, click Layout.
Click the Order Columns tab, and on the right side of the page, select Discretionary Amt and Add it to the Shown Columns.
Click the Ask price to create a BUY order, or the Bid price to create a SELL order.
In the Type field, select LMT as the order type.
Enter a discretionary amount in the Discretionary Amt field of the order line.
To transmit the order, click the "T" in the Status field.