Types of Order
Types of Order
Non-limit price orders
- Market Price Order (MP): An order to buy or sell a security at the best price currently available.
- At-The-Open Order (ATO): An order to buy or sell a ssecurity at the opening price.
- At the Close Order (ATC): An order to buy or sell a security at the closing price.
Note: Since July 2006 onward, ATO and ATC orders contain first-matching priority over limit price order
Conditional orders
- Immediate-Or-Cancel Order (IOC): An order to buy or sell a stock immediately at a specific price on the condition that, if there is any remaining volume unmatched, the remaining volume will be revoked.
- Fill-Or-Kill Order (FOK): An order to buy or sell the whole ordered volume at a specific price. If this condition cannot be met, the order is revoked.
Publish orders
Publish Orders: An order to buy or sell a stock with an ordered volume of at least 10 board lots (mostly 1,000 shares) while also specifying the equal amounts of the ordered volume to be published in the ASSET. When the published portion of the ordered volume is executed, the next remaining portion is placed in the queue until the whole ordered volume has been executed.