Passive Spot Selling by Repricing at the Best Ask

Summary

This trading-terminal plugin describes a way to sell a spot position gradually by repeatedly placing an order at the best ask and adjusting it as the market moves. The stated aim is to reduce market impact compared with selling aggressively. Its parameters include the intended sell amount and a sleep interval between checks; the accompanying source also inspects order book precision, tracks filled quantity, and cancels and replaces an order when the ask moves lower.

The document is an execution technique rather than a signal or portfolio strategy, and it supplies no test data or execution-quality measurements. Passive orders may remain unfilled or execute only partially, and repricing can still incur fees or expose the seller to adverse price movement. The published source contains an apparent variable mismatch in its completion check, so the described behavior should not be assumed to work as written without review. Minimum order sizes and precision may also need venue-specific adjustment.

Key ideas

• The plugin aims to sell gradually by posting at the best ask and repricing when needed.
• It tracks filled quantity and uses order book data to infer amount and price precision.
• A configurable interval controls how often the order is checked.
• No execution results are provided, and passive orders may fill slowly or partially.
• The source contains a likely variable-name issue in its completion logic.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.