Hi,
Many thanks for the forum!
I wasn't 100% sure that this was the proper sub-forum for this question, so if I'm incorrect I apologize.
Have a question about an order type I'm looking to achieve along the lines of what I might call a "limit at open" order, any guidance is greatly appreciated.
What I'd like the order type to do, is to trigger a limit order at whatever price the particular stock/security opens at, or similarly whatever price the first trade during regular trading hours is executed at.
--So put simply: The first trade of the day for Stock XYZ executes at a price of 10.51 at 9:30am, a limit order would then be auto triggered/transmitted using the 10.51 price as the limit.
On the face of it this seems to be a pretty simple order entry, but I'm assuming because of the price calculation required at the time the order is triggered, I haven't found a way to accomplish it through any of the standard broker-offered trading platforms I've encountered.
Would it be possible to achieve this through ATM? With a little programming, without?
Thanks for the consideration and again any guidance is greatly appreciated.
Many thanks for the forum!
I wasn't 100% sure that this was the proper sub-forum for this question, so if I'm incorrect I apologize.
Have a question about an order type I'm looking to achieve along the lines of what I might call a "limit at open" order, any guidance is greatly appreciated.
What I'd like the order type to do, is to trigger a limit order at whatever price the particular stock/security opens at, or similarly whatever price the first trade during regular trading hours is executed at.
--So put simply: The first trade of the day for Stock XYZ executes at a price of 10.51 at 9:30am, a limit order would then be auto triggered/transmitted using the 10.51 price as the limit.
On the face of it this seems to be a pretty simple order entry, but I'm assuming because of the price calculation required at the time the order is triggered, I haven't found a way to accomplish it through any of the standard broker-offered trading platforms I've encountered.
Would it be possible to achieve this through ATM? With a little programming, without?
Thanks for the consideration and again any guidance is greatly appreciated.
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