Kodiak OMS allows the management of market orders. Market Order are orders that are sent electronically to a market (DMA) using the Kodiak client and other trading applications. Manual (phone orders) market orders can also be created.
Who 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.
Through the Kodiak Server API - market orders can be managed using the Kodiak Server API.