What are the different types of US orders?

The different types of orders that can be placed for US markets are as follows:

Market: An order to be executed at the best available market price.

Limit: An order to buy or sell a security at or better than a specified price.

Stop: An order to be executed at the best available market price if the market reaches a specific price.

Stop-Limit: An order that will be executed at specific price or better after a stop price has been reached. Once the stop has been triggered, the order will becomes a limit order.

Limit-All or None: An order to buy or sell a security at or better than a specified price and the trade must be completed in its entirety or nothing at all and will remain active until the trade is executed or cancelled.

Limit-Fill or Kill: An order to buy or sell a security at or better than a specified price and the trade must be completed in its entirety or the entire order will be cancelled. All fill or kill orders must be placed during US market hours. Any order placed outside of US market hours will be dropped/cancelled.

Please note: For non-US market trades, order options are limited to Market or Limit orders.

If you require further assistance, you can contact us.

 

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