Auto Re-Set
ModelRoute enables you to automatically re-set the volatility used to generate your limit price at configurable time intervals.

Using Auto Re-Set, you can instruct the application to automatically re-calculate the limit price for an outstanding but unfilled order based on the following user-defined set of parameters:

• Time
• Percentage change in the volatility used to calculate the order’s original limit price

Auto Re-Set empowers you to formulate a strategy and submit an order based on those original values. If the limit price for the submitted order is not filled, you can instruct the application to automatically re-price the order at any time interval (e.g., 1, 5, 10 minutes). If the order remains unfilled, ModelRoute, at each time interval, re-prices the limit price by changing the volatility by the incremental value selected by you. (The incremental value is a percentage of the volatility first selected by you.) This enables you to increase the bid price or lower the offer price in an orderly manner. As a buyer, you are able to attract the seller without reaching for the offer. As a seller, you are able to identify the buyer without hitting the bid.

Auto Re-Set optimizes your potential to get filled at a price that maximizes performance while ensuring timely execution.