Quoting in Illiquid Markets
To prevent an infinite quoting loop against itself, Autospreader uses its own orders to determine if a market is illiquid. This logic is implemented in the following ways:
|Autospreader enters your orders, and your orders are the only orders in the market for any of the legs, on the side on which Autospreader is leaning…|
The order is rejected and the following message appears:
Quoting not allowed against an illiquid market.
|Autospreader has orders working in the market, and then its orders become the only orders in the market on the side on which it is leaning…|
The working orders are pulled, and the following message appears:
Quoting not allowed against an illiquid market. Removing spread orders.
|A spread quoting order has been filled…||Hedge orders are NOT pulled or rejected regardless of market liquidity.|