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Time In Force


Colloquial NameDescriptionTimeInForcePartial Fills?
Immediate or CancelAll or part of the order is to be executed immediately (the book will possibly be swept, generating multiple partial fills), any unfilled parts of the order are to be canceled.IOCYES
Fill Or Kill
FOKNO
Day
DAY
Good 'Til Canceled
GTC
Good 'Til DateOrder is active until a specified time. TWAP?GTD
Good For TimeOrder is active for a specified duration. TWAP?GFT
At Market Opening
OPN*


Order Types


Colloquial NameDescription OrdTypeTimeInForceVenueCancel on Disconnect?
MarketAn instruction to deal immediately at the best possible price (the current rate).MarketDAYBMEYES
LimitAn instruction to deal if a market moves to a MORE favourable level.LimitDAYBMEYES
Immediate Limit
LimitIOCBME, AGGN/A


LimitGTCAGG
Fill or Kill
LimitFOKBMEN/A
Stop-LossAn instruction to deal if a market moves to a LESS favourable level.Stop Loss




Stop LossGTCAGG
Stop LimitExecutes an exposure-reducing limit order when market exceeds order's price.Stop LimitDAY
YES


Stop LimitGTCAGG
Stop-TrailingThe Stop Price follows the market by a specified offset.Trailing Stop


Market LimitOrder that starts as a Market order and executes any leaves quantity as a Limit order.Market With Leftover As Limit


Auction Price
MarketOPN*
YES
Previously QuotedAn order to hit an individual quote. To hit multiple quotes, aka sweeping, the user must submit individual orders from best to worst price.Previously Quoted
BME
VwapSweepAn order that can hit/lift one or multiple quotes by submitting an order with the desired amount and the Volume Weighted Average Price (VWAP) of the total amount.VWAP Sweep








Attack


BME
Stop limit at riseDetermined by Side?

BME
Stop limit at fallDetermined by Side?

BME
Market Maker


BME
Limit Take Profit




Fixing




Pegged




Mid





OPN - At Opening

GTC/GTD/GFT



Additional Attributes

Limit price

Stop Price

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