The Currenex® platform includes flexible, automated order functionality with its electronic streaming prices.
Automating the order process improves trading efficiency and accuracy by eliminating errors, saving time and streamlining
the confirmation process. Currenex users have the ability to leave bids, offers and stop-loss orders in the ESP order book.
Screen users can easily view the status of multiple orders in the various stages of execution, as well as modify working orders
with simple "slide" functionality that quickly changes levels.
Currenex offers full order functionality as follows - stop limit orders,
if done orders and OCO orders. For larger orders there is also hidden and
iceberg functionality which allows the trader to place orders without
alerting the marketplace. An iceberg order will allow the trader to
specify exactly how much of it is visible whereas with a hidden order,
whilst the order is still in the market, no part of it will be displayed
to any other market participant.
Recent ESPT Order Enhancements
Advanced Orders include conditional orders and pegged orders. They are
unique in that the order is managed by a new advanced order service that
will act as an intermediary between the trader and the market. This
service will act as a holding place for orders that aren't yet marketable,
such as legs of If Done or If Done OCO orders. The service will also
manage the rate changes necessary to keep pegged orders at the appropriate
market rate.
Stop Orders
- Stop Triggers
- Stop Limit Orders
Conditional Orders
- Conditional Order - If Done Orders
- Conditional Order - One Cancels Other (OCO)
- If Done OCO
Pegged Orders
- Pegged Order - Offsets
- Pegged Order - Discretion
- Pegged Order - At-Or-Better
- Pegged Order - Protected Peg
Pegged Orders
- Partial Fill
- Minimum Amounts
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