Limit order is an order with a limit price specified in the order, setting the maximum purchase or the minimum sale price at which the order can be executed.

Stop-limit order is an order to sell (buy) a financial instrument in case a limit order is activated, once a trade is executed on the PSE at the stop-price level, or at a price lower in case of a sell stop-limit order, or at a price higher in case of a buy stop-limit order. The final price at which the order is executed thus cannot be worse that the limit price designated by the client.

Parameter IOC (Immediate or Cancel) is designed for an immediate (even partial) execution.

Parameter FOK (Fill or Kill) FOK order is designed for an immediate execution; however, such an order cannot be partially executed. In case the order cannot be immediately and fully executed it is, without an execution, automatically cancelled.

Parameter Iceberg Iceberg order allows to display only part of the total order volume on the market. The residual amount of the order remains hidden to market participants. After the visible part of the order is executed, the prior volume is displayed again until its full execution, or cancellation. Typically, this order is used in case of placing large orders.

Type of orders