Smart Order Routing
Last updated
Last updated
This view shows aggregated data from all connected exchanges, and contains additional pro trading tools.
To start drawing data from exchanges and placing Smart Orders, choose the connected exchanges you want to use, and the accounts on those exchanges. The list of exchanges and connected accounts is on the top of the screen.
The SOR section includes a list of tickers on the left-hand side. It is aggregated from all the connected exchanges, and presents the best buy and sell offers available. You can search this list and tag a list of favorite trading pairs by clicking on the stars.
On the right-hand side you will see a table of exchanges in which the selected pair is available. This list can be sorted by the price of the most recent transaction and the best buy and sell offer. Below it you will see a table of your assets in the selected pair across all your connected exchanges.
In the center of the screen you will see a visual schema of the routing action, and below that the settings section for creating orders.
At the bottom you will find a list of open, closed, and canceled orders
The SOR window enables you to post the following order types:
SWAT order - buys or sells assets at the best price available at the moment, across all connected exchanges. Exchange commission fees are included in the price calculation. In this case, you act as the Taker in the transaction. All that is required to place a SWAT order is to input the amount of asset you want to buy or sell. Tokenplace’s algorithm will instantly find the best route to filling your order depending on price and available liquidity on your exchange accounts.
Smart Post - this algorithm can split your order up to optimize for the best available offerings coming from matching, opposite limit orders, putting you in the position of Maker. Smart Post will place limit orders that perfectly match in size and price to the most advantageous limit orders available in the order book. To place a Smart Post order you simply need to set the required amount of assets you want to buy or sell. The algorithm will instantly calculate the route by which you can get the best value on your trade, depending on available liquidity on your exchange accounts.
Smart Stop is an order that executes only within a set price range. To place this order you must input the amount of an asset you want to buy or sell, the trigger price, and the maximum % tolerance level for the stop. In this case, you act as the Taker. Your order will kick in as soon as the market price reaches the trigger/stop price, plus or minus the % “points” tolerance you have set. If the market moves out and then back into your set range, the Smart Stop order will activate again. Smart Stop will execute the buy or sell order at the best price, dependent on the liquidity available in your exchange accounts.
