Standard Orders

Standard Orders

Last Updated on 2020-05-09 by Admin

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Amount Type

• Quantity
• Value

 

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Order Types

There are primarily two types of orders placed on the market.

1. Market Orders
2. Limit Orders

 

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Market Orders

• Executes at the best available price on the market.
• Focuses on speed of execution.
• May convert to a limit order in the event that insufficient quantity exists at market price.

 

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Market to Limit Orders

• The order starts filling at market price. In the event that there is insufficient quantity available at market price, the order may convert to a limit order and remain in the market until fulfilled at that price.

 

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Limit Orders

• Executes at the price specified.

 

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Price per Unit ($)

• Only applicable to limit orders
• Price you wish to buy or sell each unit.

 

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Duration

• Good For Day: The order will remain in the market until market closure on the day.
• Good Till Cancelled: The order will remain in the market until such time as it is cancelled.
• Good Till Date: The order will remain in the market until market closure of the specified date.