Order Types

MARKET - The order is executed at the best price available.

LIMIT - The order is executed at the specified limit price or better.

MARKET_LIMIT - The order is executed at the best price available; if the order can only be partially filled, the remaining amount remains in the CME's order book as a limit order (at the specified limit price.) (Only applicable to CME)

MARKET_PROTECTION - The order is executed at the best price available; if the order can only be partially filled, the remaining amount remains in the CME's order book as a limit order, where the limit price = (bestbid when order was submitted + protectionPoints) or (bestoffer - protectionPoints). (Only applicable to CME)

STOP The order is activated when the order's stop price is traded in the market. Once activated, it becomes a market order. For a bid, the stop price must be greater than the last traded price. For an offer, the stop price must be less than the last traded price.

STOP_LIMIT The order is activated when the order's stop price is traded in the market. Once activated, the order becomes a limit order. For a bid, the stop price must be greater than the last traded price. For an offer, the stop price must be less than the last traded price.

STOP_PROTECTION The order is activated when the order's stop price is traded in the market. Once activated, the order becomes a limit order, where for bids the limit price = (stop price + protectionPoints) and for offers, the limit price = (stop price − protectionPoints). IOC (Immediate or Cancel) If the order cannot be executed immediately, it is cancelled. Partial fills are permitted. 

LIMIT_PRICE The maximum purchase price (for bids) or minimum sale price (for offers.) It is applicable to; (LIMIT, MARKET_LIMIT  and STOP_LIMIT)

MAX SHOW (order display quantity) max show determines the amount to display in the market It is applicable to (GTC)

Times in Force

IOC (Immediate or Cancel)  if the order cannot be executed immediately, it is cancelled. Partial fills are permitted.

FOK (Fill-Or-Kill) If the order cannot be executed immediately for the FULL amount, it is cancelled.

GTC (Good-till-Cancelled) The order remains in the order book until it is fully executed or until the user cancels it.

DAY (Good-for-day) The order remains in the order book until it is fully executed or until the end of the trading day: (when the venue does daily shut down or at 1700 NYC time) limit price The maximum purchase price (for bids) or minimum sale price (for offers).