What are Pegged Orders?
A Primary Peg is a passive order that is intended to peg to the best participant on NBBO on the same side of the market. A Midpoint Peg is a hidden order that is pegged to the midpoint of the bid and offer. These orders will peg in half-penny increments in the event of an odd spread.
How do I get permission to send Pegged Orders from my Order Entry Window?
Ask your RM for permission to use these new order types.
How do I send a Pegged Order with my Order EntryWindow?
Select Midpoint or Primary Peg. Select the Market of your choice:
No spam. Just the latest releases and tips, interesting articles, and exclusive interviews in your inbox every week.
We’ll send you a nice letter once per week. No spam.
Equities, equities options, and commodity futures products and services are offered by Lightspeed Financial Services Group LLC (Member FINRA, NFA and SIPC). Lightspeed Financial Services Group LLC’s SIPC coverage is available only for securities, and for cash held in connection with the purchase or sale of securities, in equities and equities options accounts. You may check the background of Lightspeed Financial Services Group LLC on FINRA’s BrokerCheck.