Order Types
Limit Order : A Limit Order enables participants to specify the maximum purchase price or minimum sale price for execution.
Orders are executed only at the specified price or at a more favourable price available in the market.
Suitable for: Controlled price execution.
Market Order : A Market Order is executed immediately at the best available market price at the time of order execution.
Execution priority is based on available market liquidity.
Suitable for: Immediate execution.
Immediate or Cancel (IOC) Order : An Immediate or Cancel (IOC) Order attempts immediate execution upon order submission.
Any portion that cannot be executed immediately is automatically cancelled.
Suitable for: Immediate execution without retaining unexecuted quantity.
Stop Loss Order : A Stop Loss Order allows participants to define a trigger price for order activation.
Once the trigger condition is met, the order becomes active in the market in accordance with applicable order parameters.
Suitable for: Position protection and risk management.
Order Retention Instructions
Order retention determines the duration for which an order remains active in the trading system.
GFD — Good for Day : The order remains active for the trading session and expires automatically at market close if not executed.
GTD — Good Till Date : The order remains active until the specified validity date unless executed or cancelled.
GTC — Good Till Cancelled : The order remains active until executed, cancelled by the participant or expired under applicable Exchange rules.
IOC — Immediate or Cancel : The order is executed immediately to the extent possible and any unexecuted quantity is cancelled.
Execution Principles
Orders are processed in accordance with applicable Exchange rules and operational parameters, generally considering:
• Price Priority
• Time Priority
• Order Validity
• Risk Controls