Question

How does the Swarm algorithm work?

Answer

A Swarm algorithm is used to fragment a large order into smaller market orders.

A Swarm algorithm is used to fragment a large order into smaller market orders, aiming to reduce the slippage typically incurred in a large single order, and to reduce visibility in the market.

Orders are executed in parallel as fast as possible, with the individual clip sizes of the order determined by the Number of Clips selected.

The user is further able to specify the degree of randomness for individual clip order size.

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