Advanced Order Types
Last updated
Last updated
Terrace supports sophisticated trading strategies with tools such as TWAP (Time-Weighted Average Price), limit, and icebergs orders and offers full L2 order books on all venues (DEX or CEX). Smart order routing ensures that every trade is executed at the best possible price, leveraging liquidity from multiple venues.
DeFi trade execution has historically lacked the sophisticated tools available in CeFi. With Advanced Order Types, DeFi users can now take advantage of institutional-grade execution across multiple EVM chains.
This matters because it allows traders to execute with precision, ensuring better control over trade timing while reducing slippage. By using Terrace, traders implement more refined and effective trading strategies.
Unlike CeFi exchanges with fixed trading pairs, DeFi allows swaps between any two tokens using smart order routing across DEXs. Terrace enables you to set Limit orders for any token pair, minimizing slippage. By specifying your target price, your trade executes only when that price is reached. This feature, now available in DeFi with Terrace, gives you greater control and precision in your trades.
TWAP orders, a feature usually reserved for institutional traders in traditional finance, is now available on Terrace. This advanced tool spreads the execution of large trades over a set period, reducing market impact and minimizing price disruption. It’s perfect for traders looking to move large amounts of capital discreetly. Terrace’s TWAP orders also come with detailed Post-Trade Reports, making it easier to reconcile and review your trades.
Iceberg Orders are designed to conceal the true size of large trades, a capability that’s crucial for maintaining a competitive edge. Terrace’s Iceberg Orders break down large trades into smaller, hidden portions that are executed sequentially. Only a fraction of the total order is visible at any time, preventing the market from reacting to your full position. This helps you avoid slippage and execute trades without tipping off the market. This level of discretion is now available in DeFi, only through Terrace.
