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.
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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.
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