8. Modify Order

 

You can modify your open orders when the destination route supports this function.  Using Modify Order can save you time from the trouble of canceling an order and then re-submitting a new one. It also preserves your order priority in the queue with the designate exchanges or ECN. 

Figure 8.1

In the Order Manager Window Order tab, you can see all your open orders. To modify a particular order, simply highlight that order and right click, choose “Modify” from the drop-down menu (Figure 8.1).  A Modify Order Confirmation box will pop up to ask you whether you want to replace the selected order.  Choose “Yes” to confirm the action and “No” to dismiss. (Figure 8.2). 

Figure 8.2

Then you will see the Modify Order box (Figure 8.3).  You can choose to change the Amount, Order Type and Price of the replaced order, and then hit [Enter] key or [Send Order] button to submit the replacing order. 

Figure 8.3