API level Order Tags are an innovative approach in order management systems, where each order is tagged with specific identifiers. These tags highlight key details like associated algorithms or strategies relevant to the order. This method is especially useful in the fast-paced environment of market trading, where quick identification and processing of orders are crucial. However, these tags are temporary and are not stored in the historical order book, being flushed at the end of each market day.
Improved Efficiency: Tags make it easier to sort and prioritize orders, leading to quicker processing.
Better Strategy Implementation: Facilitates the application of specific strategies by identifying orders aligned with them.
Real-Time Adjustments: Enables swift modifications and decisions based on the tagged information.
You can use the new Fyers API V3 for accessing the order tagging feature. For more information refer to our comprehensive support article.
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