DAY, GTC (good-till-cancelled), FAK (fill and kill), FOK (fill or kill), and ICBG (iceberg) are the order duration options that you can choose on this DOMTrader menu.
• DAY is the default. If a DAY order is unfilled at the close of the trading session, it is automatically canceled.
• GTC orders are left open until canceled by the trader.
• FAK orders are used to buy or sell a quantity at a limit price and if the entire order is not immediately filled the remaining quantity is cancelled.
• FOK orders require that the entire quantity be executed immediately or the order is cancelled.
• ICBRG orders are a limit DAY or GTC orders that have both a total quantity and a display quantity that is shown publicly on the order book. These orders must be enabled in preferences.
CQG |