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VWAP

VWAP (Volume-Weighted Average Price) orders are supported for large cap securities only. You can also use the non-guaranteed VWAP Algo.

To create a VWAP order

1. Click the Ask price to create a BUY order, or the Bid price to create a SELL order.
2. In the Type field select VWAP as the order type.
3. If desired, change the VWAP cut-off time using the TIF field.

By default, the VWAP is computed from the soonest cut-off time to the market close. To change, click the Time Entry calendar icon to select a new VWAP cut-off, or start, time. If none is selected, the soonest cut-off is used. In addition, you can modify the end time of the calculation using the Expiry Time field.

4. To transmit the order, click the "T" in the Status field.

A transmitted VWAP order is accepted immediately and CANNOT BE CANCELLED.

VWAP orders are automatically routed.

For a more detailed description of VWAP orders, visit the Order Types information page.

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