As mentioned earlier, an[b] important advantage[/b] of working through [b]FIX Protocol[/b] is the ab...

2019-10-21T13:10:12Z

As mentioned earlier, an[b] important advantage[/b] of working through [b]FIX Protocol[/b] is the ability to use limit orders [i]FOK ('Fill or Kill')[/i] and [i]IOC ('Immediate Or Cancel')[/i]. Their advantage over simple market orders is the absence of [b]price slippage[/b]. In fact, for arbitrage strategies, such as [url=https://stocksharp.com/robot/]"Edward-Scissorhands"[/url] from [url=https://stocksharp.com]StockSharp[/url], this means almost [b]zero risk[/b]. Consider how the orders [i]FOK[/i] and [i]IOC[/i] FIX Protocol on the example of comparing them with conventional orders. Before making a trade, the trader has the opportunity to [b]sell or buy[/b] the selected asset using a limit or market order. The option chosen by the trader determines the level of control over the execution price.
Thus, a market order determines its execution in the shortest possible time and at the best available price. [smile] For example, if you buy 100 units on a market order, the order will be executed entirely at the price that is available on the market. Accordingly, 50 units can be conditionally at a favorable price, and the rest at a price less favorable or completely unprofitable, in other words, the order will be executed at several different prices. At the same time, we have a situation with a large slippage. [laugh]

[img=109877]fix_connector_limith_order.jpg[/img]

FIX Protocol allows the trader to set his own execution price, so it will be executed at the specified price or higher. This is the use of a limit order. For example, if a trader placed a limit order to sell an asset and set a strike price of \(100, the order will not be executed until the price for the placed asset is equal to or above the set limit of\) 100.[nerd]

[img=109876]fix_protocol_limith_order.jpg[/img]

For this reason, [b]we recommend using[/b] the FIX Protocol connection, and provide the opportunity to purchase connection connectors or develop connectors individually. The full range of our products can be found [url=https://stocksharp.com/products/pricing/]here[/url].

FAQ on FIX Protocol. Limit orders when working through FIX Protocol.

As mentioned earlier, an[b] important advantage[/b] of working through [b]FIX Protocol[/b] is the ab...