![]() Pegged-to-market orders allow traders to reap benefits of market orders and limit orders simultaneously. Every time the reference bid or ask is changed, the pegged-to-market order will cancel its existing limit order and create a new one at the price derived from the new reference. Additionally, the pegged-to-market order may include an offset, indicating the price should be some amount above or below that price. The order’s limit is based on the best bid or ask in the market, depending on which side the trader is taking. This tactic is an algorithmic trading strategy that places limit orders which are adjusted based on market conditions. ➤ Explore more in Bitcoin Markets and Price More ▼ Less ▲Ī pegged-to-market order is a sophisticated order execution strategy. ![]() Bitcoin and the Stock-to-Flow (S2F) Model.How Much of the World's Money Is in Bitcoin?.How Do Macroeconomic Events Affect Bitcoin?.The History of Monetary Collapse in Zimbabwe.➤ Explore more in Bitcoin Basics More ▼ Less ▲ How Much Bitcoin Does the Government Have?. ![]() Can Bitcoin's Hard Cap of 21 Million Be Changed?.
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