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Instructions

The Accumulate/Distribute algo works to get the best price for your large volume orders while attempting to minimize market impact. It achieves this by slicing large orders into smaller components, and accumulating or distributing over time based on your pre-defined order parameters.

Open the Accumulate/Distribute Window

  1. For Mosaic - Click the New Window button in the top left corner > under More Advanced Tools select Accumulate Distribute

    For Classic TWS - Click the Trading Tools button across the top of the page and select Accumulate Distribute

    The Accumulate/Distribute Window in TWS.

1 - Define the Algo

2 - Specify Conditions

3 - Monitor the algo's progress

4 - Transmit the algo order. Stop, Start, Reset and otherwise manage the algo manually.

The Algo Window is Divided into Four Major Sections:

  • The Algorithm area, where you define the basic parameters of the order.

  • The Conditions area, where you specify conditions about price, position and market behavior that must remain true for your order to be valid.

  • The order Summary, which displays continuous real-time order progress.

  • The Control buttons, which you use to start and stop the algo and apply changes.

It also includes the Orders, Trades and Log panels, and the Quote panel to define the instrument .

 

Additional Resources

Learn About Accumulate Distribute Algo in Trader Workstation at IBKR Campus

Visit the Trader Workstation Website