CQG Adds Order Routing Types in Software Upgrade
The vendor began rolling out version 7.7 of its software to proprietary traders, scalpers and hedge fund users last week, with the new order types available as optional, chargeable add-ons.
The order types include bracket orders, which automatically place a pre-set target order and stop-loss order on a one-cancels-other basis when a limit order is filled, and trailing limit orders, which automatically adjust to follow the best bid for buyers and the best offer for sellers.
Thom Hartle, director of
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