OCO (One-Cancels-the-Other) Order is an order feature available only from the Trading Monitor.
OCO in Sterling Trader® Pro involves grouping two or more orders that are already live. If you manually cancel one of the orders in the group, all orders in the group will be cancelled.
2. Right click. A menu will pop up
3. Select OCO. The sub-menu will have two options
5. The orders you selected are now grouped. Once one order fills, the others will be cancelled.
There is a column available in Trading Monitor called OCO ID. This column will allow you to see which, if any, orders are grouped together by assigning a specific number to them.
To enable OCO ID you will need to go to View > Settings > Columns > Enable OCO ID
Additionally, you can un-group the orders by selecting Remove Group in the pop-up menu.
We look forward to learning more about your trading needs.
The Future of OMS Risk Controls in Financial Markets
As financial markets evolve, so too must the tools that safeguard them. Order Management ...
Navigating the Complexities of Modern Trading with OMS Risk Controls
In an era where market volatility and regulatory scrutiny are intensifying, financial firms ...
A Typical Day for a Risk Manager
Financial trading risk managers are a critical line of defense in safeguarding firms, ...
The Invisible Hand of the Law
In the world of electronic trading, regulatory compliance isn't solely a legal ...