...
- Kodiak OMS users using the Order Entry Window can create market orders.
- Other trading systems like Nordic workstation. When a market order is created in the Nordic Workstation it is visible in Kodiak OMS.
- Other systems using the Kodiak Server API.
Managing Market Orders
Users can:
- Create Market Orders
- New orders with DMA handling are sent electronically to a 3rd party broker or Exchange.
- New orders with Manual handling are orders that are not sent to the market but created and filled manually.
- By sending a Client Order to the market.
- View Order details
- Cancel Orders
It is possible to cancel the Remaining Quantity of a market order. - Modify
It is possible to modify the following fields of a Market Order- Quantity: Can be modified to a value that is larger or equal to ExecutedQuantity
- Visible Quantity
- Create manual execution
Allows the user to create a manual trade on a order. - Attach Market Order to existing Client Order
If the trader creates a market order directly on the market and not through a client order he can attach the market order to an existing client order. All market orders that are not attached to a client order can be attached to client orders. The client order must have the same side and symbol. - Attach Market Order to a new Client Order
If the trader has created a market order and it is not part of a client order then he can create a new client order and attach the market order to it on the same time by selecting "attach to a new client order". - Split market order
Filled market orders can be split between many client orders. If a trader creates a large market order then he can split the market order between many client orders, as long as the market order is fully filled/executed.
...