Exchange
Key trading services and controls designed to support price discovery and secure market participation.
Price-Based Orders
| Limit | Executes at the specified price or better. Buy orders fill at the limit price or lower; sell orders fill at the limit price or higher. |
| Market | Executes immediately at the best available price. Partial fills are allowed; any unfilled portion is cancelled. |
| Stop | Triggers a market order when the stop price is reached. The order is not visible in the order book until activated. |
| Stop Limit | Triggers a limit order when the stop price is reached. The order enters the book as a standard limit order upon activation. |
Time-in-Force Conditions
| GTC – Good Till Cancel | Remains active until explicitly cancelled. |
| GTD – Good Till Date | Remains active until a specified expiration date and time. |
| DAY – Day Order | Expires automatically at the end of the trading session. |
| FOK – Fill or Kill | Must be executed in full immediately or cancelled. |
| IOC – Immediate or Cancel | Executes all or part of the order immediately; cancels any unfilled quantity. |
| GAA – Good at Auction | Valid only during auction sessions; expires if not filled during the auction. |
| Type | GTC | GTD | FOK | IOC | GAA | Day |
|---|---|---|---|---|---|---|
| Limit | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Market | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ |
| Stop | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ |
| Stop Limit | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ |
