Seems like by now everyone has heard of opening orders, and countless traders do them these days. Yet less people are making good money at it anymore. Why is that? Could it be because the smart have been getting smarter? Yes, it is. And we wrote their software.

Orca enables you to send orders for an unlimited universe of stocks, not only for NYSE but also for Nasdaq Stocks (yes there is a game there too). When you first fire it up it defaults to sending orders for the largest 650 NYSE stocks. Then, you customize from there. Add symbols, remove symbols. By utilizing our proprietary price and volume system for determining which stocks you would like to include in your universe of stocks, your stocks list is automatically adjusted every day to the stocks that meet your criteria and their volumes adjusted accordingly.

Orca automatically calculates in fair value, overnight Spu prices, and the cash settlement prices to give you an accurate picture of where the market will open. All stock prices being sent out are automatically adjusted to take this into account, along with the stock beta, sector opening calculations, any news adjustments made, price, average daily volume, and many other crucial criteria. And within 5 seconds of opening the program you can be ready to fire orders, which depending on your trading system can fire at up to 80 orders a second. Because Orca does so much of the work for you, some of our clients have become accustomed to starting the program 5 minutes before the market opens and still having more than enough time to get in all of their opening orders and layers for hundreds of stocks with minutes to spare.

Bad news in a stock? You are just one mouse-click away from disabling orders from being sent for the stock or for the whole sector. Or with a few more mouse-clicks, bring all the Short orders down to be shorting the sector on any uptick on the opening print. With a fully customizable market, sector, and stock specific opening order automator it s no wonder why Orca is the new standard.

(PS) – Getting too many fills, need an auto-exit based on your specific parameters? Click here.

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