The Lab

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NameNatureDescription59/TimeInForce168/EffectiveTime126/ExpireTime1629/ExposureDuration
Immediate 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.GFDOptionalOptionalOptional
Good For TimeRestingOrder is active for a specified duration. TODO TWAP?GFTOptional-Mandatory
Good 'Til DateRestingOrder is active until a specified time. TODO TWAP?GTDOptionalMandatory-
Good 'Til CanceledRestingThe 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.GTCOptional--
At Market OpenRestingTODOAMOOptional--
At Market CloseRestingTODOAMCOptional--

Order Types

Standard Order Types

There are three broad categories of order type:

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