Order Types

Order types and algos may help limit risk, speed execution, provide price improvement, allow privacy,
time the market and simplify the trading process through advanced trading functions.

Accumulate
Distribute
Adaptive
Algo
Balance Impact
and Risk
Basket
Close Price
Dark Ice
Good-Till-Canceled
(GTC)
Good-till-Date
(GTD)
Limit
Limit if
Touched
Market on
Close
Market on
Open
One-Cancels-All
(OCA)
Passive Relative
Pegged Voatility
Orders
Percent of
Volume
Snap to Market
Snap to Midpoint
Stop - Tralling Stop
Stop -
Tralling Stop Limit
Tralling Market if Touched
TWAP
All or None
Arrival Price
At Auction
Block
Box Top
Bracket
Discretionary
Fill or Kill
Funari
Hidden
IBKRATS
Limit-on-Close
Limit-on-Open
Market to Limit
Market with
Protection
Pagged-to-
Benchmark
Pegged-to-
Market
Relative/Pegged
-to-Primary
Request-for-
Quote (RFQ)
Snap to Primary
Spreads
Stop Limit
Stop with
Protection
Variant Algo
Volatillity
Iceberg/Reserve
Market
Minimize Impact
Pegged-to-
Midpoint
Retail Price
Improvement (RPI)
Stop
Sweep-to-Fill
VWAP -
Best Efforts
Auction
Conditional
Good after time/
Date (GAT)
Immediate or
Cancel (IOC)
Market if
Touched
NYSE Closing
Auction D - Quote
Pegged-to-
Stock
Scale
Stop - Adjustable
Trailling Limit if
Touched
VWAP -
Guaranteed

Simulated Order Types

Please note that exchanges and regulators require brokers to impose various pre-trade filters and other checks to make sure that orders are not disruptive to the market and do not violate exchange rules. Exchanges also apply their own filters and limits to orders they receive.

These filters or order limiters may cause client orders to be delayed in submission or execution, either by the broker or by the exchange. Filters may also result in any order being canceled or rejected. The broker may also cap the price or size of a customer's order before the order is submitted to an exchange.

The broker reserves the sole right to impose filters and order limiters on any client order and will not be liable for any effect of filters or order limiters implemented by us or an exchange.

Important Information

Simulated Order Types


The broker simulates certain order types (for example, stop or conditional orders). Simulated order types may be used in cases where an exchange does not offer an order type, to provide clients with a uniform trading experience or in cases where the broker does not offer a certain order type offered natively by an exchange. While simulated orders offer substantial control opportunities, they may be subject to performance issue of third parties outside of our control, such as market data providers and exchanges.

Although the broker attempts to filter external data to ensure the best possible execution quality, they cannot anticipate all of the reasons that a simulated order may not receive an execution, or may receive an erroneous execution. Unsatisfactory (non)executions may result from events, including [i] erroneous, missing or inconsistent market data; [ii] data filters (example: the broker may ignore last sale data that is reported outside the prevailing bid-ask as it often represents untimely or erroneous transactions; this may impact triggering of simulated orders); [iii] transactions subsequently deemed erroneous by an exchange; [iv] market halts and interruptions.

Clients should understand the sensitivity of simulated orders and consider this in their trading decisions.

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+357-25030447

http://www.mexem.com is a website owned and operated by Mexem Ltd.

Mexem Ltd is a European broker regulated by CySEC, license No. 325/17

 

 

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All types of financial trading and investments, including such that are offered by Mexem, involve risks to the invested funds, and therefore require expertise, knowledge and understanding of risks, and may not be appropriate for all investors.

 

Before making any decision regarding financial trading or investment, you should carefully consider your investment objectives, level of experience and risk tolerance, and it is highly recommended that you consult an independent financial advisor before making any such decision.

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For a copy visit http://www.theocc.com/about/publications/character-risks.jsp. Before trading, clients must read the relevant risk disclosure statements on our Warnings and Disclosures page - http://www.interactivebrokers.com/disclosures. Trading on margin is only for sophisticated investors with high-risk tolerance. You may lose more than your initial investment. For additional information regarding margin loan rates, see http://www.interactivebrokers.com/interest. Security futures involve a high degree of risk and are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading security futures, read the Security Futures Risk Disclosure Statement. For a copy visit http://www.interactivebrokers.com/disclosures. There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.

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http://www.mexem.com is a website owned and operated by Mexem Ltd.

Mexem Ltd is a European broker regulated by the CySEC, license No. 325/17