Warrants Order Canceller, discover the new Horizon feature for market makers

How does it work?

• Automaton will send the latest raw Bid/Ask from the Stock (received from the Spotter) in its Order Commands Custom Fields
• Warrant Order Canceller Service will store the latest Bid/Ask from the Summary of each Stock
• Warrant Order Canceller Service will store, for each Warrant, the raw Bid/Ask from the latest Automaton Command it accepted
• Warrant Order Canceller receives a new Command from the Automaton
  • If the raw Bid/Ask found in the command are the same as the latest Bid/Ask of the Stock received from the Summary: Command Accepted
  • Otherwise: Command Rejected
• Warrant Order Canceller receives a new Stock Bid/Ask
  • The « most aggressive » Automaton Order will be cancelled using the following rules:

       

Want to get more more information and a short demo? Do not hesitate to contact us.