
201: Hayden Beamish – The Legwork, Execution and Management of Institutional Investments
Chat With Traders
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How to Set a Price Limit for Your Brokers
90% of all orders in the Australian market that they see at least a vwop so that's just a volume weighted average price over the day. They offer smaller algorithms like there's an iceberg where you know if you want to set a price and click the iceberg. There's also a sniper algo it's cooled so that's where you can set a price limit and you can choose whether you want it to only take liquidity or not. The stealth algo also tries for the dark ball so in between the bid and the ask there are the broker dark balls and and nothing's disclosed there but sometimes there's a lot of volume sitting in that dark ball.
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