Ladder Order in Exchange

Ladder Order in Exchange

In the Ladder Order, user specifies the N (<=10) number of Price Limit Orders. For each of the Limit Order, the user specifies the same details as in the regular Limit Order.

The trigger in this Order Type is the execution of (N-1)th Order i.e The User submits all the ten Orders to the Exch. Once the first Order is executed, it triggers the Order placement of the second order in the Exchange. 

Once the second limit Order is executed, the third order is placed in the Exch and the flow goes on until all the Ten Orders are executed. The N Orders can be any combination of Buy and Sell Limit Orders.