OrderFlow-Newbie Question
-
investonline999
- Posts: 1
- Joined: Sat Oct 03, 2020 11:51 am
OrderFlow-Newbie Question
Is there a way to tell the difference between limit sell orders and buy stop orders in the order book since both order types would be above the current BBO? Thanks.
-
Andry API support
- Posts: 548
- Joined: Mon Jul 09, 2018 11:18 am
- Has thanked: 25 times
- Been thanked: 85 times
Re: OrderFlow-Newbie Question
Hi!
An order book contains only limit orders. The nature of a stop order makes it impossible to detect it before it is triggered. Exchanges usually provide no info in their data feed about stop orders at the current market. There are some ways to track stop orders. Please find info here (Stops & Native Icebergs Tracker, a component of MBO Bundle).
An order book contains only limit orders. The nature of a stop order makes it impossible to detect it before it is triggered. Exchanges usually provide no info in their data feed about stop orders at the current market. There are some ways to track stop orders. Please find info here (Stops & Native Icebergs Tracker, a component of MBO Bundle).