The Lab

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Details of the TimeInForce values supported by Whisperer Enterprise for both categories are provided below.


TimeInForceNatureColloquial NameDescription
IOCAggressiveImmediate or CancelThe Order must be executed immediately, at least in part (Partial fills are allowed), otherwise the Order is cancelled. AKA 'Fill and Kill'.
FOKAggressiveFill Or KillThe Order must be executed immediately, in full (no Partial fills), otherwise the Order is cancelled.
DAYRestingDayThe Order expires automatically on close of the trading day, if it is still unfilled.
GTCRestingGood 'Til CanceledThe Order remains active until it is either executed or cancelled. NOTE: Maximum possible duration is one trading week, but is equivalent to DAY for most Venues that reset daily.
GTDRestingGood 'Til DateOrder is active until a specified time. TWAP?
GFTRestingGood For TimeOrder is active for a specified duration. TWAP?
OPN
*

At Market Open
CLS
At Market
Opening
Close


Order Types

There are three broad categories of OrderType:

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