Volume-Weighted Average Price (VWAP) is a popular algorithmic trading strategy, which has traditionally been used for the execution of larger orders. Using projected volume curves, the order is executed proportionally throughout a specified time period – this will reduce the market impact on the market price and will likely result in a better execution outcome.
Select your trading account from the top of the order ticket.
Enter your stock code (or you can find codes by clicking on the Find Codes link)
Select your order type; Buy or Sell
Choose your quantity
Set instruction to VWAP (under Algo Orders)
Expiry is Day only
Select the start time, this is the time you specify for the algorithmic order to start trading in the market
Select the end time, this is the time you specify for the algorithmic order to stop trading in the market
Set your max volume (optional), this is the maximum percentage that your order can trade as a proportion of total market volumes
Enter your I would price (optional), this is the price at which your algorithmic order will exit the VWAP strategy and attempt to complete the order
Enter your trading PIN
Click Place Order to submit this to market