Order Types OCO / OTO / OT-OCO

[Guest]

Hello SO-ers,

I'm Dutch, living in Amsterdam, and investigating American Option Trading Platforms (eDeltaPro, TraderOasis) and Brokers (Tradier)
.
Doing so I encounter the terms OCO / OTO / OT-OCO (which I have never seen before).

I have no clue what the ABBS mean, and what their purpose is.

Anyone her to help me out?

Which Order Type do you need / use for multileg Steady Options trades

Ernst Radema

Amsterdam

 

 

[Guest]

10 minutes ago, Ernst Radema said:

Doing so I encounter the terms OCO / OTO / OT-OCO (which I have never seen before).

OCO - One cancels Other

OTO - One Triggers Other

OT-OCO - One Triggers a OCO

These are conditional orders.

I don't know what ABBS is.

[Guest]

14 minutes ago, Ernst Radema said:

Which Order Type do you need / use for multileg Steady Options trades

Sorry - I forgot to add, we don't typically use any conditional orders for SO trades. Multi-leg tradesa are entered as a single trade.

[Guest]

OK. Multileg trades are not considered advance orders.
Clear. Thanks
With ABBS I meant ABBreviationS. Lazy.:-)