The OSM is an advanced order ticket that contains several algorithms for advanced order execution. Currently, the OSM supports the following Algorithms:
Iceberg: Standard Iceberg order execution
Time Slice: Algorithm for dividing order execution across a set interval
Improved Time Slice: More advanced algorithm for dividing order execution across a time interval. Also includes a best price factor that allows for favorable fulfillment.
Market Time Slice: Algorithm for dividing order execution across a set interval using a MKT order strategy.
For more detail, please review the OSM Order Entry section.