MidPrice Orders

The MidPrice order attempts to fill at the current midpoint of the NBBO or better. Set an optional price cap to define the highest price (for a buy order) or the lowest price (for a sell order) you are willing to accept.

To create a MidPrice Order

Populate the Order Entry panel by selecting an instrument in a linked window, or by typing the symbol in the entry box.

Click Buy or Sell.

Select MIDPRICE from the list of order types.

Optionally, set a price cap and modify any other order parameters as needed.

Click Submit to send the order.


To create a MidPrice Order in Classic Layout

  1. Click the Ask price to create a BUY order, or the Bid price to create a SELL order.
  2. In the Type field select MIDPRICE as the order type.
  3. Optionally use the Price Cap field to set a cap, and modify any other order parameters as needed.
  4. To transmit the order, click the "T" in the Transmit field.

For a more detailed description of MidPrice orders and the products and exchanges on which they're supported, visit the Order Types information page.