DTC Protocol Discussion Forum
- DTC Protocol Discussion Forum |
- Search Board |
- Control Panel |
- View My Posts / Threads |
- Direct Messages
Date/Time: Fri, 29 Nov 2024 17:35:56 +0000
Flatten button sends market order with TIF day.
View Count: 3765
| [2016-04-10 03:58:16] |
| vbmithr - Posts: 204 |
|
Was wondering why the TIF is chosen arbitrarily to be "Day" and if this is customizable.
|
| [2016-04-10 05:18:25] |
| |
|
It does not make sense to use any other Time in Force other than "Day" with a market order since it will fill immediately.
|
| [2016-04-10 05:34:50] |
| vbmithr - Posts: 204 |
|
TIF for Market orders makes no sense at all actually. It should be Unset.
|
| [2016-04-10 06:22:31] |
| |
|
In our experience this is a required field when working with FIX protocol implementations even for Market orders. In the case of a Market order, your server can just simply ignore Time in Force if it is not relevant. |
| [2016-04-10 06:25:31] |
| vbmithr - Posts: 204 |
|
Yeah, I did it this way. Thanks.
|
| [2016-04-10 06:25:44] |
| |
|
This is from the FIX protocol documentation: 59 TimeInForce char
Specifies how long the order remains in effect. Absence of this field is interpreted as DAY. |
To post a message in this thread, you need to log in with your Sierra Chart account: