Order Management System
Comprehensive guide to trading order types, duration settings, and advanced execution strategies. Master professional order management for optimal trading performance.
Order Types
14 orders
Market Order
Execute immediately at the best available market price
Limit Order
Execute only at specified price or better
Stop Loss Order
Trigger market order when price reaches stop level
Stop Limit Order
Trigger limit order when price reaches stop level
Iceberg Order
Large order split into smaller visible portions
Hidden Order
Order not displayed in market depth
Pegged Order
Order price automatically adjusts relative to reference price
Bracket Order
Parent order with profit target and stop loss child orders
OCO Order
One-Cancels-Other: execute one, cancel the other
If Touched Order
Become market order when price touches trigger level
Trailing Stop Order
Stop price automatically adjusts with favorable market movement
Algorithm Order
Computer-generated orders based on predefined algorithms
Basket Order
Execute multiple securities as a single transaction
Contingent Order
Execute based on condition of another security or event
Order Duration
7 orders
Day Order
Valid only for the current trading day
GTC Order
Good Till Cancelled - remains active until executed or cancelled
IOC Order
Immediate Or Cancel - execute immediately or cancel unfilled portion
FOK Order
Fill Or Kill - execute entire order immediately or cancel completely
GTD Order
Good Till Date - valid until specified date
At Opening Order
Execute at market opening or cancel
At Closing Order
Execute at market closing or cancel
Advanced Order Types
5 orders
TWAP Order
Time-Weighted Average Price - minimize market impact over time
VWAP Order
Volume-Weighted Average Price - match volume distribution pattern
POV Order
Percentage of Volume - maintain specified percentage of market volume
Implementation Shortfall
Minimize implementation shortfall through optimal execution timing
Arrival Price Order
Minimize arrival price impact through dynamic execution strategy
Order Complexity Levels
Market Applications
Professional Order Management
Learn the fundamentals and advanced techniques of trading order management. From basic market orders to sophisticated algorithmic execution strategies.