Order types

Orders of the following types can currently be placed on the exchange:

  • A Market order is an instruction to instantly buy or sell a certain asset amount at a currently best price on the market. Such orders are not listed in the order book and executed or cancelled immediately.

  • A Limit order is an instruction to buy or sell a certain asset amount at a specified price. Limit orders are placed in the order book and executed only when the market price reaches or exceeds the specified limit price. For this reason, limit orders may never be executed if their limit price differs significantly from the current market price.

See Time-in-Force settings to learn about execution parameters that can be specified for different order types.