9. Cancel-Replace You can cancel-replace your open orders when the destination route supports this function. Using cancel-replace 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 9.1 |
| In the Order
Manager Window Order tab, you can see all your open orders. To cancel-replace a particular one of them,
simply highlight that order and right click, choose “Replace” from the
drop-down menu (Figure 9.1). A Replace
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 the action (Figure 9.2). |
Figure 9.2 |
| Then you
will see the Replace Order box (Figure 9.3).
You can choose to change the Lot Size, Order Type and Price of
the replaced order, and then hit [Enter] key or [Send Order] button to
submit the replacing order. |
Figure 9.3 |