If you haven’t heard of enveloping stocks by now, you are missing out. Some of the stocks you trade consistently have gap moves on big buy or sell imbalances, then rapidly come back to the price level it was trading at before the move? But by the time you get the order in after you see the move, it is too late. Want to catch all the gap moves and take the other side in the stocks you trade? Want to send those gaps to the ECNs for your listed stocks? Meet Shark.

Let Shark take a bite out of that specialist’s fill for you. We have heard of copy cat programs that allow you to click a button to send envelope orders, and then you can keep cancel and replacing them. But they don’t constantly monitor the stock price and keep canceling and replacing your orders automatically like Shark does. And Shark is the only program we know of that can not only do all that based on any price parameters you give it, but also automatically keeps track of all your orders ages, and automatically cancels and resends a new order when your order is more than 4 minutes and 30 seconds old to keep you from paying the specialist fee.

Set each stock independently of one another in terms of quantity of each order, gap distance for buy orders, different or same distance for short orders, NYSE, NASDAQ, or ECN envelopes on Listed or Nasdaq Stocks, many more customization options built in.

Try the demo today to be thoroughly impressed. If you don’t have Shark on your side, stay out of the water.

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