Place an order through the Order or Click-Trade modules to explore all order types and take full advantage of the platform's features.
What types of orders can I make on the trading platform?
With EXANTE’s automated trading platform, investors can place the following types of orders:
Market order | A BUY or SELL order at the current market price. Use this option to enter or exit a trade quickly. |
Limit order | A limit order allows traders to buy or sell a security at a specified price or a better one. It will be executed only when the market price reaches or surpasses the specified level. Enter the price in the “Price” field when using this order type.
Although the price is guaranteed, the execution of the order is not. Limit orders are fulfilled only if the security price meets the order criteria.
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Iceberg order | This is a visible limit order where you specify the total quantity, price, and the visible portion. The order is then split into multiple parts so that only the specified visible quantity appears in the Market Depth at any given moment. Similarly to TWAP, the order is executed in sequential parts. |
Stop order | A stop order is used to buy or sell a security once its price moves past a specified point, aiming to limit losses or secure profits. Remember to enter the price in the “Stop Price” field when choosing this order type. |
Stop Limit order | A market order is executed in a standard stop order when the price hits the stop level. However, with a stop-limit order, a limit order is placed instead, contingent upon the stop price being reached. Therefore, a stop-limit order requires specifying both a stop price and a limit price, which may differ. |
Time-Weighted Average Price order (TWAP) | TWAP (Time-Weighted Average Price) is a trading algorithm based on the weighted average price. It executes larger orders without excessively impacting the market price.
Traders using this method need to specify the total quantity they want to trade, the size of each segment (or "chunk"), and a time interval in milliseconds.
The order is then divided into segments of the specified size and executed sequentially at regular intervals, at the market price. |
Trailing Stop order | A trailing-stop is an adaption of a standard Stop order that can be set at a defined dollar amount away from a security's current market price.
When choosing this order type, make sure to enter the price in the “Price” field accordingly.
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Emulated order types | Order types with an "(e)" next to them indicate "Emulated." This means that the exchange doesn't offer that specific order type by default, but EXANTE emulates it on our end to provide you with the feature. |
What are TP (Take Profit) and SL (Stop Loss) orders used for?
TP and SL orders eliminate the need to monitor your screen constantly by automatically executing when the price reaches the order level. Additionally, TP and SL orders are interconnected: when a TP order triggers, the SL order is automatically canceled, and vice versa.
Please keep these tips in mind when placing TP and SL orders:
Both Limit and Market TP/SL orders are displayed in square brackets in the Orders module.
Limit TP/SL orders are shown with a “Pending” status, while entry orders display a “Working” status.
Market TP/SL orders are shown as “Working” because the entry orders are executed immediately at the market price.
What are the available durations for orders?
For any order type, you can select the duration of the current order from the following options:
Day | Order expires at the end of the trading day if it is not filled. |
GTC (good till canceled) | The order remains active until it is manually canceled. |
IOC (immediate or cancel) | Executes all or part of an order immediately. Any unfilled portion of the order is canceled if it cannot be completed. |
FOK (fill or kill) | Executes a transaction either entirely and immediately or not at all. |
ATO (at the opening) | Executes the order right at the start of the trading day. The order will be canceled if it cannot be executed at the market opening. |
ATC (at the closing) | Executes the order at the very end of the trading day. The order will be canceled if it cannot be executed at the market close. |
To complete the order, click “Sell” or “Buy”. Your order will then appear in the Orders module.
Specify the order type after entering the quantity of assets you wish to buy or sell. You can select a specific price or indicate the desired price change in absolute values or pips. Ensure that if you choose pips, you enter whole numbers.
What does RTH stand for in Day and GTC orders?
If you see RTH (Regular Trading Hours) next to such order durations as Day and GTC, they won’t be executed outside the Main trading session.
Can I request to add an order type or duration if it's not already available on the trading platform by default?
The trading platform already offers the available order types and durations for the specific instrument. We are not adding new order types for particular instruments.
All available order types can be seen in the Order and Click-trade modules before placing the order.
Order Type and Duration