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Workflow

Algo Orders

Supported Instruments

Please refer to Supported Instruments to view across all venues.

PartyIDs

Please refer to PartyIDs to view across all venues.

Regulatory Fields

Please refer to Regulatory Fields to view across all venues.

Passthru Fields

Please refer to Passthru Fields to view across all venues.

Details

Algo Selection

Refer to Supported Order Types (Algo Orders) for details on how to use the NoStrategyParameters block to send the details of the TargetStrategy, along with the corresponding strategy parameters.

The table below sets out the Algo parameters and combinations currently supported. Please contact the venue for further detail.

StrategyParameterName	StrategyParameterType	TargetStrategy
`TargetStrategy`	`String`	`Stark`	`VWAP`	`TWAP`	`Slicer`	`Iceberg`	`Custom1`	`Custom2`	`Custom3`	`Custom4/Block`
`MaxPercentageParticipation`	`Float`	✓	✓	✓			✓	✓	✓	✓
`MinPercentageParticipation`	`Float`						✓	✓	✓	✓
`ClipInterval`	`Int`				✓		✓	✓	✓	✓
`ExecutionStyle`	`Int`	✓	✓	✓		✓	✓	✓	✓	✓
`IWouldTrigger`	`Price`	✓	✓	✓			✓	✓	✓	✓
`StopTrigger`	`Price`	✓	✓	✓			✓	✓	✓	✓
`DisplayQuantity`	`Qty`				✓	✓	✓	✓	✓	✓

MaxPercentageParticipation - Allowed Values are 0.0 to 99.9
MinPercentageParticipation - Allowed Values are 0.0 to 99.9
ExecutionStyle - Supported Values:
- '1', '2', '3' (Passive style)
- '4', '5', '6' (Normal style)
- '7', '8', '9' (Aggressive style)
- '0' (default value, Normal)

The table below sets out the standard Order field that may need to be used to further define the algo.

HasExtendedOrderFields	TargetStrategy
HasExtendedOrderFields	`Stark`	`VWAP`	`TWAP`	`Slicer`	`Iceberg`	`Custom1`	`Custom2`	`Custom3`	`Custom4/Block`
`EffectiveTime`	✓	✓	✓	✓	✓	✓	✓	✓
`ExpireTime`	✓	✓	✓	✓	✓	✓	✓	✓	✓
`StopPx`	✓				✓	✓	✓	✓	✓

Please refer to the API document provided by Deutsche for specific details.

Algo Control

This venue supports both client and venue -initiated suspension and restoration of order execution:

Client-initiated (See Passthru Fields for HotAction/FillNow support) :

MultilegCancelReplaceRequest.ExecInst may be set to either:
- Suspend - temporarily remove the order from the market.
- Release - return the order to the market for continued execution.

Venue-initiated:

Notification of these events will be via ExecutionReport (Restated) messages.

Please refer to the OrderStateTransitionDiagram for details of the order lifecycle.

Whisperer supports the 3 currently available ‘Hot Actions’ functions of this venue via StrategyParameter "ForceTradeTypeQty" and Passthru Fields "ExecInst"

Buy Remaining
Buy/Sell ForceTradeTypeQty (ForceTradeTypeQty cannot exceed LeavesQty)
Cancel Fill At Price