Need an advice from experienced traders. Suppose your trading platform has a built-in functionality (like mouth click on Net/Pos field) to offset your current Long / Short Position by sending a Sell / Buy order to the Mkt for the Net Pos qty. What order type would you like to be generated: Mkt? - might be too dangerous, Limit? FOK, IOC ? Would you typicaly configure you trading system to generate Limit order equal to current best Ask/Bid ?
It's clear that each order type will be used in different case, but which one is more suited to the (ALL) Futures and (Index) Options markets?
I work in trading systems QA, so any knowledge from the "Field" will make our lives better
Cheers
It's clear that each order type will be used in different case, but which one is more suited to the (ALL) Futures and (Index) Options markets?
I work in trading systems QA, so any knowledge from the "Field" will make our lives better
Cheers