# peg order type

**URL:** <https://forum.fixtrading.org/t/peg-order-type/4943>\
**Category:** General Q&A\
**Tags:** general-qa, imported, xid\_167895\
**Created:** [October 30, 2009, 9:34am UTC](https://forum.fixtrading.org/t/peg-order-type/4943 "2009-10-30T09:34:36Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![dophinnelson\_x](https://avatars.discourse-cdn.com/v4/letter/d/3e96dc/32.png) [@dophinnelson\_x](https://forum.fixtrading.org/u/dophinnelson_x)\
**Post date:** [October 30, 2009, 9:34am UTC](https://forum.fixtrading.org/t/peg-order-type/4943/1 "2009-10-30T09:34:36Z")

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Imported from previous forum

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**Author:** ![dophinnelson\_x](https://avatars.discourse-cdn.com/v4/letter/d/3e96dc/32.png) [@dophinnelson\_x](https://forum.fixtrading.org/u/dophinnelson_x)\
**Post date:** [October 30, 2009, 9:34am UTC](https://forum.fixtrading.org/t/peg-order-type/4943/2 "2009-10-30T09:34:36Z")

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Hi all,

I don’t quite understand what the oppsosite side means in “Market – the market peg allows users to set their order price based on the best offer (bid) being the opposite side of the market.”

regards,  
Michael

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**Author:** ![johnpeng13\_x](https://avatars.discourse-cdn.com/v4/letter/j/779978/32.png) [@johnpeng13\_x](https://forum.fixtrading.org/u/johnpeng13_x)\
**Post date:** [October 30, 2009, 3:18pm UTC](https://forum.fixtrading.org/t/peg-order-type/4943/3 "2009-10-30T15:18:23Z")

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Offer being the opposite side of bid, and vice versa?

> Hi all,
> 
> I don’t quite understand what the oppsosite side means in “Market – the  
> market peg allows users to set their order price based on the best offer  
> (bid) being the opposite side of the market.”
> 
> regards, Michael

---

<div class="post-metadata">

**Author:** ![dophinnelson\_x](https://avatars.discourse-cdn.com/v4/letter/d/3e96dc/32.png) [@dophinnelson\_x](https://forum.fixtrading.org/u/dophinnelson_x)\
**Post date:** [November 4, 2009, 6:45am UTC](https://forum.fixtrading.org/t/peg-order-type/4943/4 "2009-11-04T06:45:33Z")

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That means the bid market peg order is based on the best offer price?  
if so, may I know the purpose of having such peg order?

Thanks

> Offer being the opposite side of bid, and vice versa?
> 
> > Hi all,
> > 
> > I don’t quite understand what the oppsosite side means in “Market –  
> > the market peg allows users to set their order price based on the best  
> > offer (bid) being the opposite side of the market.”
> > 
> > regards, Michael