Single Order ADV Check

The Single Order ADV Check causes orders to be rejected if they exceed a specified percent of the 20 day ADV for the stock. Integer values between 1 and 100 are permitted. If no value is entered, the check is not enabled.

Customers can additionally specify whether the Single Order ADV Check should only be applied in cases when the stock’s 20 day ADV is greater than or equal to a specified number of shares. If no value is supplied, the check will be applied in all cases regardless of the stock’s 20 day ADV.