Passive Only

Passive Only ensures that the engine does not cross the spread or take liquidity, meaning all fills will be maker-type (limit) orders. This setting helps traders add liquidity to the market while reducing execution costs, as maker fees are typically lower than taker fees.

How It Works

• The engine only places passive limit orders, preventing orders from executing immediately as taker orders.

• Helps traders optimize execution costs by avoiding higher taker fees.

Considerations

• Fill quantities may occasionally fall below the trajectory's lower bound, as the engine cannot guarantee fills without taking liquidity.

• Orders may not reach the full target quantity if the duration expires before all fills are completed.

This setting is useful for traders prioritizing cost efficiency over execution speed, ensuring all orders contribute to market liquidity.