6.5 Order Type

 

The Fortex Platform supports a large selection of order types.  Among them, five are the most common – Limit, Market, Stop Limit, Stop Market, Threshold. (Figure 6.5.1)

 

Limit Order – type “L” in the Order Type field to choose Limit. Enter the Limit Pirce in the Price field. 

 

Market Order – type “M” in the Order Type field to choose Market.  When you enter a Market Order, the price field is automatically disabled.

Figure 6.5.1

Stop Limit Order – type “S” in the Order Type field to choose Stop Limit.  (Figure 6.5.2) Enter the Stop Price in the Stop Price field and the Limit Price in the Limit Price field.

 

Stop Market Order – type “S” again in the Order Type field to choose Stop Market if Stop Limit is selected.  Enter the Stop Pirce in the Stop Price field.

 

Threshold Ordertype “T” in the Order Type field to choose Threshold.  Enter the Lower Limit Price in the Lower Limit field and the Upper Limit Price in the Upper Limit field.

Figure 6.5.2

Other order types supported include: Immediate or Cancel (IOC), Fill or Kill (FOK), Market at Open (OPG), Market on Close (MOC), Discretionary, Limit Discretionary, Reserve, Limit Reserve, Limit Discretionary Reserve, Pegging, Market Pegging, Primary Pegging, etc.  These orders are intended for advance users only.  Please contact your service providers for their availability and user instruction.