The Lab

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Comment: Published by Scroll Versions from this space and version 1.1.13

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NameCategoryDescription 40/OrdType44/Price99/StopPrice210/MaxShow110/MinQty389/DiscretionOffsetValue211/PegOffsetValue




Limit priceStop priceIceberg tip size
Added to Bid or subtracted from Offer limit price to specify the allowed slippage for the order.
Previously QuotedMarketAn order to hit an individual quote. To hit multiple quotes, aka sweeping, the user must submit individual orders from best to worst price.PreviouslyQuotedMandatory---'--
MarketMarketAn instruction to deal immediately at the best possible price (the current rate).Market------
Dark MarketMarketEquities-specific.Market--ZeroOptional--
Market RangeMarketAKA "Market With Protection". A market order with specified slippage.Market----Mandatory-
Market To LimitMarketOrder that starts as a Market order and in the event of a partial fill,  executes any leaves quantity as a Limit order.MarketLimit------
Market If TouchedMarketMarket order will be submitted to market when a specified price is reached. Here, StopPrice is used to convey the Trigger price. This value should be better than the market price.IfTouched-Mandatory----
LimitLimitAKA "Take Profit". An instruction to deal if a market moves to a more favourable level. Where multiple partial fills are allowed, a Volume Weighted Average Price (VWAP) of the total order quantity may be provided as the limit price.LimitMandatory--Optional--
Dark LimitLimitAKA "Hidden Limit", "Ghost". A form of Iceberg, where the market-visible order qty is set to zero.LimitMandatory-ZeroOptional--
Limit To MarketLimitOrder that starts as a Limit order and in the event of a partial fill,  executes any leaves quantity as a Market order.FunariMandatory--Optional--
Limit If TouchedLimitLimit order will be submitted to market when a specified price is reachedIfTouchedMandatoryMandatory-Optional--
IcebergLimitAKA "Reserve". A limit order that has both displayed and hidden components.LimitMandatory-Mandatory---
PeggedLimitAn order with an optional offset to the prevailing market rate. The displayed quantity will float with the market up to the limit price of the order.PeggedOptional-Optional--Optional
DiscretionLimitAKA "Limit With Protection". A limit order with specified slippage. The market sees only the limit price.LimitMandatory---Mandatory-
StopStopAKA "Stop Loss". An instruction to deal if a market moves to a less favourable level.Stop-Mandatory----
Trailing StopStopThe Stop Price follows the market by a specified offset.Stop-----Mandatory
Stop LimitStopExecutes an exposure-reducing limit order when market exceeds order's price.StopLimitMandatoryMandatory----
Trailing Stop LimitStopA Stop Limit order where the stop trigger price is at a fixed amount below the market price, based on the user-defined "trailing" amount. The limit order price is also continually recalculated based on the limit offset.StopLimit----MandatoryMandatory

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