Lightspeed Guide

Pegged Orders

What are Pegged Orders?

A Primary Peg is a passive order that is intended to peg to the best participant on NBBO on the same side of the market. A Midpoint Peg is a hidden order that is pegged to the midpoint of the bid and offer. These orders will peg in half-penny increments in the event of an odd spread.

How do I get permission to send Pegged Orders from my Order Entry Window?

Ask your RM for permission to use these new order types.

How do I send a Pegged Order with my Order EntryWindow?

Select Midpoint or Primary Peg. Select the Market of your choice: 

Lightspeed Trader order entry window
Lightspeed Trader customization window
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