Can WLP create a Reserve Order or Non-Display Order?
Author: Nikko
Creation Date: 11/8/2019 3:53 PM
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Can WLP create a Reserve Order or a Non-Display Order?

For example when WLP is placing a large order (large number of shares) for a given symbol, I may get better fills if WLP only displays part of the order at a time via a "Reserve Order," which is an advanced order type on the Fidelity platform. A look through the order book for most symbols shows that most orders seem to be broken down into 100-share lots. With commission-free equity trades, this now becomes a practical approach.
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If you can't see it on the Trade Ticket then I'm afraid that WLP can't.
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