Most Direct Access orders, while designated as day orders, are only active in the market place for up to 3 minutes. While each route has its own rule regarding how long an order remains active until it is canceled for going unfilled, the StreetSmart Pro® software provides an automatic order cancel feature for your Direct Access orders. This cancel feature may protect you in a fast market and will also provide you with protection in the event of a network or system outage.
Auto cancel settings for Direct Access can be changed by going to the Trading window menu and clicking Settings > General. See the Trading Window Menu topic for more details about these important settings.
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AUTO CANCEL TIMEOUTS Note that changes to these settings are isolated to the computer on which you make them. If you access your software from another computer, you will need to change your timeout settings there as well. |
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ECN/NSDQ |
The number of seconds that direct ECN & NSDQ orders are live before the system auto-cancels them. A value of 0 disables auto-cancel. The default is 180 seconds. |
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