Lightspeed Guide
Pegged Orders
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:
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