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.