The Adaptive Algo can be used with a limit or market order, and is designed to achieve better than average cost efficiency over basic limit and market orders by attempting to trade market and aggressive limit orders between the spread. You can specify how urgently you want the order to fill using the "priority/urgency" selector in the algo window. To create an Adaptive algo market order in Mosaic: In the Mosaic Order Entry panel, click the Adaptive button Select the side ( BUY or SELL) To change the fill priority (by default set to "Normal") click advanced **to open the **Algo parameters and use the drop down selector list: Urgent: Scans available prices most quickly to fill, and so provides lowest chance of price improvement, and lowest chance of price variance Normal (default): Scans available prices less quickly than "Urgent," and so provides a good chance of price improvement and an average chance of price variance Patient: Scans available prices most slowly to fill, and so provides the highest chance of price improvement and also the highest chance of price variance Click Submit to submit the order. To create an Adaptive algo limit order in Mosaic: In the Mosaic Order Entry panel, click the **Adaptive **button Click on the double arrows below the Adaptive button to select Price Line, % of Spread or +/- Tick to choose a method to set a limit price within the spread Select the side ( BUY or SELL) To change the fill priority (by default set to "Normal") click advanced **to open the **Algo parameters and use the drop down selector list: Urgent, Normal or Patient Click Submit to submit the order. To create an Adaptive algo limit **order in **Classic TWS: Click on Ask price (Buy order) or Bid price (Sell order) to create an order row. If an Order Ticket opens up, enter a Limit Price and click Accept Enter a Limit price if you have not done so already in the Order Ticket In the Destination field select IB ALGO from the drop down menu In the line created below the order row, click in the field for (Select algorithm from the list) and select Adaptive To change the fill priority (by default set to "Normal") click the drop down Adaptive order priority/urgency and select: Urgent, Normal or Patient Click Transmit to submit the order. Please note, some products require real-time market data in order to use the Adaptive Algo. See: How do I subscribe to market data from Account Management? More Information Does the adaptive algo work on spreads or only single orders? What is the difference between a Limit order and an IBAlgo Adaptive Limit order? What is the difference between an Adaptive Algo and a Price Management Algo? Can an Adaptive algo be direct routed to an exchange?
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