6.2 Order Type

The OpenEx Platform supports a large selection of order types. Among them, four are the most common – Limit, Market, Stop Limit, Stop Market. (Figure 6.2.1)

Figure 6.2.1

Limit Order – type “L” in the Type field to choose LMT. If you enter a non-zero number into the Price field, the Order Type will be automatically defaulted to LMT.

Market Order – type “M” in the Type field to choose MKT. When entering a Market Order, leave the Price empty or as 0.

Stop Limit Order – type “S” in the Type field to choose StpLmt. (Figure 6.2.2) Enter the Stop Price in the Stop field and the Limit Price in the Limit field.

Stop Market Order – type “SS” in the Type field to choose StpMkt. Enter the Stop Pirce in the Stop field and leave the Limit field empty or as zero.

Figure 6.2.2

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.

Figure 6.2.3