# Participation Rate Target The **Participation Rate Target** defines the **desired rate at which an order participates in market volume**. The engine dynamically **adjusts execution** to match this target, ensuring steady participation based on **real-time market conditions**. #### **How It Works** * **Set as a percentage of total market volume**—e.g., a 10% participation rate means the order aims to execute 10% of all market volume over time. * The engine uses a mix of **passive and aggressive child orders** to stay on target. * **Pre-Trade Analytics** estimates the expected time to completion, but actual execution varies **based on market conditions**. #### **Considerations** * **Market-Dependent Execution** – Time to fill may **extend or shorten** depending on liquidity and market activity. * **Flexible Strategy** – The engine **adjusts execution aggressiveness** dynamically if it starts falling behind the target participation rate. This setting is ideal for traders who want **consistent market presence** while maintaining **control over execution speed and market impact**. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.tread.fi/creating-and-submitting-orders/advanced-settings/participation-rate-target.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.