A placement in LUSID represents part, or all, of an order block that can be sent to the market, or placed, for execution.
You can create a placement once you have created and blocked an order that passes pre-trade compliance. You can place all of an order block at once, or create multiple smaller placements.
You can create placements in a way that suits you, whether that's staging the placement in an EMS, or sending a placement directly to a broker. See our supported EMS and broker integrations.
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For example, as a Trader, you have a block of 250 shares that you’re ready to place in the market. There are several ways you can place a blocked order using LUSID:
Via an Execution Management System (EMS), ready for you to select one or more brokers of your choice.
Directly with a broker.
Create and place an order externally and receive execution information in LUSID via drop copy.
Manually, for example if you place your blocked order over the phone with a broker and record it in LUSID for auditing or compliance purposes.
Read more on each of the placement methods above.
You can also control how long a placement should remain effective for, whether that's until market close, until a certain date, or only for immediate execution.