Most traders learn market and limit orders on day one and never explore further. But the DAS Trader execution platform offers a full menu of advanced order types — and on the right setups, each one solves a specific execution problem.
This article walks through five advanced order types, when to reach for each, and what they actually do at the venue level.
Order types covered
- Hidden orders — when you need to size in without telegraphing intent.
- Iceberg orders — managing displayed-vs-reserve quantity on large positions.
- Reserve orders — automatic replenishment after partial fills.
- Midpoint peg — pegging to the NBBO midpoint to capture spread improvement.
- Stop-limit-on-quote — quote-triggered stops that don't fire on a single bad print.
Full examples, route considerations, and DAS Trader setup steps coming soon.