Strict Duration

Strict Duration ensures that order execution stops exactly at the specified duration or end time, regardless of whether the full target quantity has been filled. When enabled, the strategy adheres strictly to the defined execution window without extensions.

How It Works

• Execution automatically stops after the specified duration or at the predefined end time.

• Ensures the strategy does not extend beyond the defined timeframe, even if the order is only partially filled.

Considerations

• The order may remain partially filled if market conditions do not support full execution within the set timeframe.

• Ideal for traders requiring time-bound execution with no flexibility for extensions.

• Strict Duration cannot be used with participation rate strategies, such as Target Participation Rate, Market Maker, and Aggressive Maker.

This setting is useful for traders who prioritize execution within a fixed timeframe, ensuring orders do not extend beyond the intended trading window.