Trading Modes
When placing orders via any method described in the Trading section, you will be prompted to fill-in and approve the Order Confirmation form, unless One Click Trading is enabled.
Manual Order Confirmation
The Order Confirmation form to be manually filled in and verified prior to placing orders.
Order Confirmation Details
| Parameter | Description | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Side | Specify buy or sell order. Use drop down to select the desired value.
| ||||||||||||||
| Type | Order types
| ||||||||||||||
| Price | Oder execution price. Enabled for Limit, Stop and Stop Limit orders.
| ||||||||||||||
| Quantity | Order size. | ||||||||||||||
| Time In Force | The order
time in force
instructions. Pre-populated by default values. | ||||||||||||||
| Destination | Order
destination
exchange or SOR algo. In case SOR is selected - specify eligible
destination exchanges from the list of available exchanges.
Pre-populated by default values. | ||||||||||||||
| Date | Order expiration date. Enabled for Good-Till-Date order types. | ||||||||||||||
| Post Only | Optional flag. Activate to place a Post Limit Order. Post orders are
Limit orders only. Post orders are
maker orders and do not take liquidity from the
market. Post Limit Orders get cancelled in case of aggressive
execution. | ||||||||||||||
| Post Only | Optional flag. Activate to place a Post Limit Order. Post orders are
Limit orders only. Post orders are
maker orders and do not take liquidity from the
market. Post Limit Orders get cancelled in case of aggressive
execution. | ||||||||||||||
| Trailing Stop Loss | A trailing stop loss order is a trade order that moves with the market price. It locks in profit by closing
the trade if the market price changes direction by a certain amount. The stop price is set at some fixed amount below
the market price. If the market price rises, the stop loss price rises by this amount, but if the stock price fall, the stop
loss price doesn't change. Therefore an investor can set a limit on the maximum possible loss without limiting the maximum gain. | ||||||||||||||
| Trailing Stop Limit | A trailing stop limit order is similar to a trailing stop loss order, but it becomes a limit order
once the stop price is reached. This means the trade will only close at the limit price or better,
potentially preventing the order from being filled during rapid price changes. |
One Click Trading
You can enable One Click Trading in Preferences. One Click Trading allows placing trade orders without a manual order confirmation in one single click.
In case One-Click Trading is enabled, order destination and time-in-force acquire their default values. Contact your admin for details.
-
When enabled, the order is executed as soon as trader clicks buy/sell button in the Order Form.
-
When disabled, the trader has to check and confirm the order details prior to the order execution.
In case you have an RFQ enabled, you can use toggle to activate One Click Trading for these order types as well. This toggle is disabled if RQF is disabled for your trader.