Stop Orders
Buy Stops: where the order price is specified above the current value of the security. Sell Stops: where the order
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17th February 2024
Order Types
Reversal Stop (or Stop and Reverse) Order
A stop order which, when activated, reverses the current position from long to short (or vice versa).
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Open Outcry
Verbal system of floor trading still used at many exchanges (eg the CME and CBOT).
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Market Order
Trading securities immediately at the best market prices in order to guarantee execution.
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Market on Close Order
An order that requires the broker to achieve the best price at the close or in the last 5 minutes
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Limit Order
An order to buy at a set price which is at or below the current price of the security.An order
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17th February 2024
Good till Cancelled Order (GTC)
An order which continues until either it is filled or cancelled specifically by the trader.
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Fill or Kill
An order where a precise number of contracts must be filled or the order is cancelled.
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