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Ordenes pegadas

English translation: peg orders


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Ordenes pegadas
English translation:peg orders
Entered by: patinba
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20:23 Jan 30, 2010
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Brokerage firms
Spanish term or phrase: Ordenes pegadas
"Estructura con cuatro tipos de órdenes y atributos.
Las Limitadas, a Mercado, Pegadas y Reporte de operaciones"

"Órdenes pegadas al precio existente en el libro de órdenes"
lopatita
peg orders
Explanation:
* Orden pegada a una posición: Orden limitada que se sitúa en el mercado al nivel (posición) que especifique el usuario, siendo la aplicación la encargada de modificar constantemente el precio de la orden para que ésta se encuentre siempre situada al nivel fijado.

Definition
A peg order is a limit order to buy or sell a stated amount of a security at a displayed price set to track the current bid or ask of the Euronext central order book. The order may be assigned a limit
price which if reached, will cause the pegging to temporarily stop as long as the benchmark is
higher for a buy order or lower for a sell order than this price. The pegging of the order to current
best bid or ask will resume if the bid/ask becomes less aggressive than the limit price.
The associated price of each peg order that is updated will be assigned a new entry time with
priority.
Selected response from:

patinba
Argentina
Local time: 03:46
Grading comment
gracias
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2peg orderspatinba


  

Answers


3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
peg orders


Explanation:
* Orden pegada a una posición: Orden limitada que se sitúa en el mercado al nivel (posición) que especifique el usuario, siendo la aplicación la encargada de modificar constantemente el precio de la orden para que ésta se encuentre siempre situada al nivel fijado.

Definition
A peg order is a limit order to buy or sell a stated amount of a security at a displayed price set to track the current bid or ask of the Euronext central order book. The order may be assigned a limit
price which if reached, will cause the pegging to temporarily stop as long as the benchmark is
higher for a buy order or lower for a sell order than this price. The pegging of the order to current
best bid or ask will resume if the bid/ask becomes less aggressive than the limit price.
The associated price of each peg order that is updated will be assigned a new entry time with
priority.

patinba
Argentina
Local time: 03:46
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 564
Grading comment
gracias

Peer comments on this answer (and responses from the answerer)
agree  Emma Ratcliffe
2 hrs
  -> Thank-you Emma!

agree  patri_2911
12 hrs
  -> Thank-you!
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Changes made by editors
Feb 4, 2010 - Changes made by patinba:
Created KOG entryKudoZ term => KOG term


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