Algo Specifications#
The defaults and accepted ranges for every execution algo, in one place. UI labels appear as they do in the order form; values reflect the production engine.
Shared settings#
These apply to every scheduled algo unless a page notes otherwise.
| Setting | Default | Range / options | Notes |
|---|---|---|---|
Trading style |
Hybrid | Aggressive · Hybrid · Passive | Limit and Market orders have no trading style |
Duration |
— | 60 seconds – 30 days | Required for TWAP, VWAP, POV, IS; Scale has no duration |
Extend duration |
On | — | Grace window of ~10% of the duration, capped at 60 seconds |
Expiration |
30 days | 1 week · 30 days · 1 month | An order still working at expiry is stopped and shows Time limit reached (expiry_reached) |
Clip Size |
Automatic | Automatic · Absolute · Percentage · Number of child orders | Automatic sizes clips from recent trade sizes and order-book depth |
| Clip randomization | ±20% | — | Applied to every child order; reduced near the venue minimum |
Would Price |
Off | Any price + 0–100% | Requires a would style when set: Passive prices at placement depth, Hybrid at the midpoint, Aggressive at the far touch |
Limit Price |
Off | Any price | May prevent full completion. Also set from the order form with + Limit; not offered on Scale |
Trigger Price |
Off | Any price, condition Above or Below | Condition defaults by side: Below for a BUY, Above for a SELL. Also set from the order form with + Trigger |
Maker Placement level |
1 | 1–10 | Default mode places at level 1 |
Maker Cancel level |
4 | 2–15, must exceed placement | Tight mode uses 1 / 2 |
Per-algo settings#
| Algo | Setting | Default | Range / options |
|---|---|---|---|
| POV | Volume participation |
2% | 0.01% – 33% (slider snaps to 0.1, 0.25, 0.5, 1, 2, 2.5, 3, 4, 5, 7.5, 10, 12.5, 15, 20, 25) |
| POV | Risk |
Medium | Low (+2%) · Medium (+7.5%) · High (+15%) above target when catching up |
| TWAP, IS | Urgency |
Medium | High · Medium · Low |
| Iceberg | Iceberg Delay |
0.25 s | 0 – 3,600 s between child orders |
| Scale | Number of child orders |
5 | — |
| Scale | Start scale price / End scale price |
— | Any price range |
| Scale | Size distribution |
Linear (1) | Skew 0.1 – 10 |
Availability#
| Order type | Duration | Trading style | Shared advanced settings | Own tab |
|---|---|---|---|---|
| Market | — | — | — | — |
| Limit | — | — | — | — |
| TWAP | ✓ | ✓ | ✓ | Urgency |
| VWAP | ✓ | ✓ | ✓ | — |
| POV | ✓ | ✓ | ✓ | PoV (Risk) |
| Iceberg | — | ✓ | ✓ | Iceberg Delay |
| IS | ✓ | ✓ | ✓ | Urgency |
| Scale | — | ✓ | Limited | Scale Profile |
Note
Not every setting is offered on every venue or market. If a control is missing from the order form for your selected symbol, it is not supported there. Full explanations live on each algo page.