{"id":41707,"date":"2026-06-22T21:20:00","date_gmt":"2026-06-23T02:20:00","guid":{"rendered":"https:\/\/library-staging.tradingtechnologies.com\/doc\/tt-vwap-order-3\/"},"modified":"2026-06-22T21:20:01","modified_gmt":"2026-06-23T02:20:01","slug":"tt-vwap-order-3","status":"publish","type":"doc","link":"https:\/\/library-staging.tradingtechnologies.com\/ja\/tt-vwap-order-3\/","title":{"rendered":"TT VWAP+ \u6ce8\u6587"},"content":{"rendered":"<h2 id=\"overview\">VWAP<\/h2>\n<p>TT VWAP (\u51fa\u6765\u9ad8\u52a0\u91cd\u5e73\u5747\u4fa1\u683c\u3001Volume-Weighted Average Price) \u30d7\u30ec\u30df\u30a2\u30e0\u6ce8\u6587\u30bf\u30a4\u30d7\u306f\u3001\u30d2\u30b9\u30c8\u30ea\u30ab\u30eb\u65e5\u4e2d\u51fa\u6765\u9ad8\u30d1\u30bf\u30fc\u30f3\u3092\u4f7f\u3063\u3066\u3001\u5e02\u5834\u306e\u5f71\u97ff\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u308b\u3053\u3068\u3092\u76ee\u7684\u3068\u3057\u305f\u53d6\u5f15\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u3092\u4f5c\u6210\u3057\u307e\u3059\u3002TT VWAP \u306f\u3001\u5e02\u5834\u306e\u51fa\u6765\u9ad8\u30d9\u30fc\u30b9\u306e\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u306b\u3001\u5c0f\u898f\u6a21\u306e\u5b50\u6ce8\u6587\u3092\u767a\u6ce8\u3059\u308b\u3053\u3068\u3067\u3001\u89aa\u6ce8\u6587\u3092\u7d04\u5b9a\u3055\u305b\u307e\u3059\u3002\u53d6\u5f15\u51fa\u6765\u9ad8\u306b\u5b50\u6ce8\u6587\u3092\u6df7\u5408\u3055\u305b\u308b\u3053\u3068\u3092\u8a66\u307f\u30011\u671f\u9593\u306e\u51fa\u6765\u9ad8\u306e\u5927\u898f\u6a21\u306a\u90e8\u5206\u3068\u3057\u3066\u76ee\u7acb\u305f\u306a\u304f\u3057\u307e\u3059\u3002<\/p>\n<p><strong>\u6ce8<\/strong>: \u73fe\u5728\u3001TT \u30d7\u30ec\u30df\u30a2\u30e0\u6ce8\u6587\u30bf\u30a4\u30d7\u306f Prod-SIM \u74b0\u5883\u3067\u306f\u5229\u7528\u3067\u304d\u307e\u305b\u3093\u3002<\/p>\n<p> <!---\n  \n\n<p>\n    Trades in line with historical volume profile, seeking to minimize slippage v VWAP.\n    \n    Seeks to minimize slippage vs VWAP benchmark by determining a trade schedule based on historical intraday volume patterns for the instrument. Aggression parameter influences how tightly to follow the schedule. In addition to the required FIX tags for orders as described above, the below parameters are available on the VWAP strategy, all of which may be modified via Cancel\/Replace.\n\n    VWAP stands for Volume Weighted Average Price, and similar to how a TWAP enters orders at a Time interval, a VWAP algo utilizes historical volume profiles to execute at scheduled Volume intervals.\n\nThe VWAP algo will take a trader&acirc;&euro;&trade;s order and slice it into smaller sized &acirc;&euro;&oelig;child&acirc;&euro; orders, then enter those smaller sized orders into the market following a volume based schedule. It is a participation-based algo (read more on that here), as the algo attempts to participate alongside of volume at defined scheduled intervals. It attempts to blend child orders into the volume traded and not stand out as a large portion in any one period&acirc;&euro;&trade;s volume.\n\nFor example, a trader with 100 contracts to execute using a VWAP algo could see the VWAP algo split that order and do 50 contracts in the closing minutes (assuming for this example that&acirc;&euro;&trade;s where approx. 50% of the day&acirc;&euro;&trade;s volume is traded), 30 contracts in the opening minutes (assuming for this example that&acirc;&euro;&trade;s where approx. 30% of volume is traded), and 20 contracts over the intervening time, filling out the full 100 contracts.\n\nThe VWAP schedule is a bit more dynamic than the evenly split TWAP, doing uneven order amounts in line with where the most volume has been during the day historically and projected to be for that day.\n\nSplitting the order based on volume reduces the risk of market impact, and in ensures your order participates proportionately alongside projected volume during the defined trading intervals. The Trader makes a tradeoff, sacrificing being really right for knowing she won&acirc;&euro;&trade;t be really wrong and attempts to instead achieve the volume weighted average price during the trading interval.\n\n\n  <\/p>\n\n\n--><\/p>\n<h2 id=\"prerequisites\">\u5fc5\u9808\u8981\u4ef6<\/h2>\n<p>TT \u30d7\u30ec\u30df\u30a2\u30e0\u6ce8\u6587\u30bf\u30a4\u30d7\u3092\u4f7f\u7528\u3059\u308b\u524d\u306b\u3001[<a href=\"\/user-setup\/us-user-account-permissions.html\">User Account Permissions<\/a>] (\u30e6\u30fc\u30b6\u30fc\u53e3\u5ea7\u30a2\u30af\u30bb\u30b9\u8a31\u53ef) \u8a2d\u5b9a\u306e\u30e6\u30fc\u30b6\u30fc \u30ec\u30d9\u30eb\u3067\u8a2d\u5b9a\u3092\u66f4\u65b0\u3059\u308b\u3053\u3068\u3067\u3001\u307e\u305f\u306f Setup \u306e [<a href=\"\/user-setup\/ac-setting-account-restrictions.html\">Account Restrictions<\/a>] (\u53e3\u5ea7\u5236\u9650) \u8a2d\u5b9a\u3092\u4f7f\u3063\u3066\u53e3\u5ea7\u30ec\u30d9\u30eb\u3067\u8a2d\u5b9a\u3092\u66f4\u65b0\u3059\u308b\u3053\u3068\u3067\u3001\u7ba1\u7406\u8005\u306f\u30a2\u30af\u30bb\u30b9\u8a31\u53ef\u3092\u6709\u52b9\u5316\u3067\u304d\u307e\u3059\u3002<\/p>\n<h2 id=\"parameters\">TT VWAP+ \u6ce8\u6587\u30d1\u30e9\u30e1\u30fc\u30bf<\/h2>\n<h3 id=\"order-params\">\u6ce8\u6587\u8a73\u7d30\u30d1\u30e9\u30e1\u30fc\u30bf<\/h3>\n<p><img decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/library-staging.tradingtechnologies.com\/wp-content\/uploads\/2026\/06\/ttpo-vwap-order-1.png\" alt=\"\"><\/p>\n<p><strong>\u6ce8<\/strong>: \u4ee5\u4e0b\u306b\u793a\u3059\u30d1\u30e9\u30e1\u30fc\u30bf\u306f\u30aa\u30d7\u30b7\u30e7\u30f3\u3067\u3042\u308a\u3001\u5e02\u5834\u3067\u306e\u6ce8\u6587\u306e\u57f7\u884c\u3092\u5f37\u5316\u3057\u3066\u30ab\u30b9\u30bf\u30de\u30a4\u30ba\u3067\u304d\u308b\u3088\u3046\u306b\u63d0\u4f9b\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<table class=\"table table-striped table-bordered\" border=\"1\">\n<thead>\n<tr>\n<th>\u30d1\u30e9\u30e1\u30fc\u30bf\u540d<\/th>\n<th>\u5fc5\u9808\u307e\u305f\u306f\u4efb\u610f<\/th>\n<th>\u8aac\u660e<\/th>\n<th>\u65e2\u5b9a\u5024<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u6ce8\u6587\u30bf\u30a4\u30d7<\/td>\n<td>\u5fc5\u9808<\/td>\n<td>\u89aa\u6ce8\u6587\u306b\u6ce8\u6587\u30bf\u30a4\u30d7\u3092\u8a2d\u5b9a\u3057\u307e\u3059\u3002\u4ee5\u4e0b\u306e\u5024\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"\/trade\/ot-order-types.html#market-type\">\u6210\u884c (Market)<\/a><\/li>\n<li><a href=\"\/trade\/ot-order-types.html#limit-type\">\u6307\u5024 (Limit)<\/a><\/li>\n<li><a href=\"\/trade\/ot-order-types.html#stop-limit-type\">\u30b9\u30c8\u30c3\u30d7\u6307\u5024 (Stop Limit)<\/a><\/li>\n<li><a href=\"\/trade\/ot-order-types.html#stop-market-type\">\u30b9\u30c8\u30c3\u30d7\u6210\u884c (Stop Market)<\/a><\/li>\n<\/ul>\n<\/td>\n<td>Market (\u6210\u884c)<\/td>\n<\/tr>\n<tr>\n<td>Stop Price (\u30b9\u30c8\u30c3\u30d7\u4fa1\u683c)<\/td>\n<td>Conditional (\u6761\u4ef6\u4ed8\u304d)<\/td>\n<td>\n<p>\u5e0c\u671b\u306e\u30b9\u30c8\u30c3\u30d7\u6ce8\u6587\u306e\u4fa1\u683c\u5e2f\u3002<\/p>\n<p><strong>\u6ce8<\/strong>: <strong>\u6ce8\u6587\u30bf\u30a4\u30d7<\/strong>\u304c<strong>\u30b9\u30c8\u30c3\u30d7\u6210\u884c<\/strong> \u307e\u305f\u306f<strong>\u30b9\u30c8\u30c3\u30d7\u6307\u5024<\/strong>\u306e\u3044\u305a\u308c\u304b\u306b\u8a2d\u5b9a\u3055\u308c\u3066\u3044\u308b\u5834\u5408\u306b\u5fc5\u9808\u3067\u3059\u3002<\/p>\n<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Aggression (\u30a2\u30b0\u30ec\u30c3\u30b7\u30e7\u30f3)<\/td>\n<td>\u30aa\u30d7\u30b7\u30e7\u30f3<\/td>\n<td>\n<p>\u6ce8\u6587\u306e\u8d77\u52d5\u3092\u3069\u306e\u304f\u3089\u3044\u5f37\u304f\u50be\u3051\u308b\u304b (TT Close\u3001TT Brisk)\u3001\u307e\u305f\u6700\u5927\u53c2\u52a0\u7387\u3092\u3069\u306e\u304f\u3089\u3044\u5f37\u304f\u7de0\u3081\u3066\u8ffd\u8de1\u3059\u308b\u304b (TT POV\u3001TT Scale POV)\u3001\u307e\u305f\u6ce8\u6587\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u3092\u3069\u306e\u304f\u3089\u3044\u3061\u3063\u304d\u308a\u3068\u8ffd\u8de1\u3059\u308b\u304b (TT TWAP+\u3001TT VWAP+) \u306b\u5f71\u97ff\u3092\u4e0e\u3048\u307e\u3059\u3002<\/p>\n<p>TT VWAP \u6ce8\u6587\u306b\u95a2\u3057\u3066\u306f\u3001\u3053\u308c\u306f&#8230;<\/p>\n<\/td>\n<td>5<\/td>\n<\/tr>\n<tr>\n<td>I Would Price<\/td>\n<td>\u30aa\u30d7\u30b7\u30e7\u30f3<\/td>\n<td>\n<p>\u6ce8\u6587\u3092\u30a2\u30b0\u30ec\u30c3\u30b7\u30d6\u306b\u7d04\u5b9a\u3055\u305b\u3088\u3046\u3068\u8a66\u307f\u308b\u4fa1\u683c\u5e2f\u3002\u3053\u308c\u306f\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u306e\u30ed\u30b8\u30c3\u30af\u306b\u95a2\u4fc2\u306a\u3044\u4fa1\u683c\u5e2f\u3067\u3059\u3002<\/p>\n<p>\u9650\u6708\u304c\u3053\u306e\u4fa1\u683c\u306b\u5230\u9054\u3059\u308b\u3068\u3001\u6ce8\u6587\u306f\u3001\u51fa\u6765\u9ad8\u30d9\u30fc\u30b9\u306e\u8ffd\u8de1\u76ee\u6a19\u306b\u304b\u304b\u308f\u3089\u305a\u3001\u30a2\u30b0\u30ec\u30c3\u30b7\u30d6\u306b\u7d04\u5b9a\u3055\u305b\u3088\u3046\u3068\u3057\u307e\u3059\u3002\u8cb7\u3044\u6ce8\u6587\u306e\u5834\u5408\u306f\u6307\u5024\u3084\u5230\u7740\u6642\u9593\u306e\u58f2\u5024\u3088\u308a\u3082\u5b89\u5024\u306b\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u3001\u58f2\u308a\u6ce8\u6587\u306e\u5834\u5408\u306f\u6307\u5024\u3084\u5230\u7740\u6642\u9593\u306e\u8cb7\u5024\u3088\u308a\u3082\u9ad8\u5024\u306b\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<\/td>\n<td>Null<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 id=\"precondition-params\">\u4e8b\u524d\u6761\u4ef6\u8a73\u7d30\u30d1\u30e9\u30e1\u30fc\u30bf<\/h3>\n<table class=\"table table-striped table-bordered\" border=\"1\">\n<thead>\n<tr>\n<th>\u30d1\u30e9\u30e1\u30fc\u30bf\u540d<\/th>\n<th>\u5fc5\u9808\u307e\u305f\u306f\u4efb\u610f<\/th>\n<th>\u8aac\u660e<\/th>\n<th>\u65e2\u5b9a\u5024<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Start Time (\u958b\u59cb\u6642\u9593)<\/td>\n<td>\u5fc5\u9808<\/td>\n<td>\n<p>\u5408\u6210\u6ce8\u6587\u306e\u57f7\u884c\u3092\u958b\u59cb\u3059\u308b\u65e5\u4ed8\u3068\u6642\u9593\u3092\u8a2d\u5b9a\u3057\u307e\u3059\u3002\u8a2d\u5b9a\u306b\u306f\u4ee5\u4e0b\u306e\u5185\u5bb9\u304c\u542b\u307e\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li>[<strong>Now<\/strong>] (\u73fe\u5728) \u3067\u3001\u5408\u6210\u6ce8\u6587\u3092\u76f4\u3061\u306b\u958b\u59cb\u3057\u307e\u3059\u3002<\/li>\n<li>[<strong>Time<\/strong>] (\u6642\u9593) \u3067\u3001\u5408\u6210\u6ce8\u6587\u3092\u958b\u59cb\u3059\u308b\u65e5\u6642\u3092\u9078\u629e\u3059\u308b\u305f\u3081\u306e\u3001\u65e5\u4ed8\u3068\u6642\u9593\u306e\u30d4\u30c3\u30ab\u30fc\u304c\u8868\u793a\u3055\u308c\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/td>\n<td>Now (\u73fe\u5728)<\/td>\n<\/tr>\n<tr>\n<td>End Time (\u7d42\u4e86\u6642\u9593)<\/td>\n<td>\u5fc5\u9808<\/td>\n<td>\n<p>\u5408\u6210\u6ce8\u6587\u306e\u30ed\u30b8\u30c3\u30af\u306e\u57f7\u884c\u3092\u505c\u6b62\u3059\u308b\u65e5\u4ed8\u3068\u6642\u9593\u3092\u8a2d\u5b9a\u3057\u307e\u3059\u3002[<strong>Duration<\/strong>] \u8a2d\u5b9a\u306e\u4ee3\u308f\u308a\u306b\u4f7f\u7528\u3057\u307e\u3059\u3002<\/p>\n<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Trigger Price (\u30c8\u30ea\u30ac\u30fc\u5024)<\/td>\n<td>\u30aa\u30d7\u30b7\u30e7\u30f3<\/td>\n<td>\n<p>\u30b9\u30c8\u30c3\u30d7\u4fa1\u683c\u306e\u30d5\u30ea\u30c3\u30d7\u6a5f\u80fd\u3092\u6709\u52b9\u5316\u3057\u307e\u3059\u3002\u3053\u308c\u304c\u6709\u52b9\u306e\u5834\u5408\u3001\u8cb7\u6ce8\u6587\u3068\u58f2\u6ce8\u6587\u306f\u3001\u76f4\u8fd1\u5024 (LTP) \u304c<strong>\u30c8\u30ea\u30ac\u30fc\u4fa1\u683c<\/strong>\u3068\u540c\u3058\u304b\u305d\u308c\u4ee5\u4e0b\u3001\u307e\u305f\u306f\u305d\u308c\u4ee5\u4e0a\u306b\u306a\u308b\u3068\u3001\u6709\u52b9\u5316\u3055\u308c\u307e\u3059\u3002OCO (One-Cancels-Other) \u6ce8\u6587\u30bf\u30a4\u30d7\u306e\u52d5\u4f5c\u306b\u304a\u3044\u3066\u3001\u30b9\u30c8\u30c3\u30d7\u6ce8\u6587\u3084\u30b9\u30c8\u30c3\u30d7\u6307\u5024\u6ce8\u6587\u306e\u7d44\u307f\u5408\u308f\u305b\u3067\u4f7f\u7528\u3067\u304d\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u5229\u76ca\u53d6\u5f97\u4fa1\u683c\u3084\u30b9\u30c8\u30c3\u30d7 \u30ed\u30b9\u4fa1\u683c\u306e\u3044\u305a\u308c\u304b\u306b\u5230\u9054\u3057\u305f\u3068\u304d\u306b\u6ce8\u6587\u304c\u6709\u52b9\u5316\u3055\u308c\u307e\u3059\u3002<\/p>\n<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Post Trigger Dur (\u30c8\u30ea\u30ac\u30fc\u5f8c\u671f\u9593)<\/td>\n<td>\u30aa\u30d7\u30b7\u30e7\u30f3<\/td>\n<td>\n<p>\u5206\u6570\u3067\u306e\u30c8\u30ea\u30ac\u30fc\u5f8c\u306e\u6642\u9593\u5236\u9650 (Post Trigger Duration)\u30020 \u4ee5\u4e0a\u306b\u8a2d\u5b9a\u3059\u308b\u5834\u5408\u3001\u5e02\u5834\u304c\u30b9\u30c8\u30c3\u30d7\u4fa1\u683c\u3084\u30c8\u30ea\u30ac\u30fc\u4fa1\u683c\u304c\u3001\u7d42\u4e86\u6642\u9593\u306e\u521d\u671f\u3084\u73fe\u5728\u306e\u6642\u9593\u3068\u30c8\u30ea\u30ac\u30fc\u5f8c\u306e\u6240\u8981\u6642\u9593\u306b\u5230\u9054\u3059\u308b\u3068\u3001[EndTime] (\u7d42\u4e86\u6642\u9593) \u304c\u8abf\u6574\u3055\u308c\u307e\u3059\u3002<\/p>\n<\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>VWAP TT VWAP (\u51fa\u6765\u9ad8\u52a0\u91cd\u5e73\u5747\u4fa1\u683c\u3001Volume-Weighted Average Price) \u30d7\u30ec\u30df\u30a2\u30e0\u6ce8\u6587\u30bf\u30a4\u30d7\u306f\u3001\u30d2\u30b9\u30c8\u30ea\u30ab\u30eb\u65e5\u4e2d\u51fa\u6765\u9ad8\u30d1\u30bf\u30fc\u30f3\u3092\u4f7f\u3063\u3066\u3001\u5e02\u5834\u306e\u5f71\u97ff\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u308b\u3053\u3068\u3092\u76ee\u7684\u3068\u3057\u305f\u53d6\u5f15 [&hellip;]<\/p>\n","protected":false},"author":2,"template":"","meta":{"_acf_changed":false,"footnotes":""},"docs-category":[324],"class_list":["post-41707","doc","type-doc","status-publish","hentry","docs-category-description-tt-premium-order-types"],"acf":[],"_links":{"self":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/41707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc"}],"about":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/types\/doc"}],"author":[{"embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/41707\/revisions"}],"wp:attachment":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/media?parent=41707"}],"wp:term":[{"taxonomy":"docs-category","embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/docs-category?post=41707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}