The Lab

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NameNatureDescription59/TimeInForce168/EffectiveTime126/ExpireTime1629/ExposureDuration
Immediate or Or CancelAggressiveThe Order must be executed immediately, at least in part (Partial fills are allowed), otherwise the Order is cancelled. AKA 'Fill and Kill'.
IOCOptional--
Fill Or KillAggressiveThe Order must be executed immediately, in full (no Partial fills), otherwise the Order is cancelled.FOKOptional--
Good For AuctionRestingTODOGFAOptionalOptionalOptional
Good For DayRestingThe Order expires automatically on close of the trading day, if it is still unfilled.DAYGFDOptionalOptionalOptional
Good 'Til CanceledFor TimeRestingThe 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.is active for a specified duration. TODO TWAP?GFTGTCOptional--Mandatory
Good 'Til DateRestingOrder is active until a specified time. TODO TWAP?GTDOptionalMandatory-
Good For Time'Til CanceledRestingThe Order is active for a specified duration. TWAP?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.GTCGFTOptional-Mandatory-
At Market OpenRestingTODOOPNAMOOptional--
At Market CloseRestingTODOCLSAMCOptional--Good For AuctionRestingGFAOptionalOptionalOptional

Order Types

There are three broad categories of OrderType:

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