Limit Order Slicer
Limit Order Slicer allows you to trade using a Slicer but with the added ability to leave orders during the execution period to capitalise on any favourable market moves.
Case Study
"I want to reduce my market impact and not pay the market spread"
A portfolio manager at a UK Asset Manager needs to re-balance his portfolio and has to sell NOK versus SEK. He realises that both currencies have liquidity issues so he decides to slice his order
into many smaller trades. He also wants to try and reduce the slippage paid by leaving market orders during the execution. He places an order using the Limit Order Slicer strategy. At the point of each order slice he believes he can achieve better execution by placing orders based off the current offer. The Limit Order Slicer works each order for the selected time period. At the end of that time period, if the order has not been filled the strategy executes the order amount at the current bid. Another snapshot is then taken and another order is placed relative to the current market. This continues
until the strategy is complete. The Limit Order Slicer has allowed the portfolio manger to "drip" his order into the market with the added bonus of not always paying the current spread for each slice.
Sample Screenshot
To find out more about our products and services, please contact your Deutsche Bank salesperson or relationship manager:
