Option trade types limit
If the stop is triggered, a market order is placed. Fill or Kill FOK. A "fill or kill" order is a limit order that must be filled immediately in its entirety or it is canceled killed.
The purpose of a fill or kill order is to ensure that a position is entered instantly and at a specific price. The scaled order tool is an algorithm designed to allow traders to spend less time entering orders and more time focusing on their strategy. The algorithm automatically creates multiple limit orders across a user-determined price range. This tool also provides control over the diversity and distribution of orders within the price range.
View the Scaled Orders introduction video on YouTube. The one cancels other order option allows you to place a pair of orders stipulating that if one order is executed fully or partially, then the other is automatically canceled. An OCO order combines a stop order with a limit order. This option allows you to place both take profit and stop loss targets for your position only for limit orders. If the market price is and the trader wants a stop order at and a limit order at , then a OCO order may be appropriate.
If the market reaches , the stop order will trigger a market order and cancel the limit order at If the market reaches before , the limit order will execute and cancel the stop order at If you manually cancel one of the OCO orders; i. An OCO order is only automatically canceled if the other order is partially or fully executed by market price movement.
The hidden order option ensures an order does not appear in the order book; thus does not influence other market participants. See the fees page for minimum size and applicable fee. The post-only limit order option ensures the limit order will be added to the order book and not match with a pre-existing order. If your order would cause a match with a pre-existing order, your post-only limit order will be canceled.
This ensures that you will pay the maker fee and not the taker fee. Visit the fees page for more information. Bitfinex Knowledge Base Trading. How do I close an open position? What interest rate is charged on margin positions? What does it mean to "claim" my position? See more Bitfinex offers several order types via the Order Form box to give you the tools necessary to execute your trading strategy successfully. Market A market order is an order type that executes immediately against the best price available.
Stop A stop order is used to trigger a market sell when the market drops to your trigger price, or used to trigger a market buy if the market rises to your trigger price. Stop-Limit A stop-limit order executes as a limit order within a specific price range buy or sell limit price or better and not as a market order.
Trailing Stop A trailing stop order provides flexibility over a stop order by executing once the market goes against you by a defined price, called the price distance. Fill or Kill FOK A "fill or kill" order is a limit order that must be filled immediately in its entirety or it is canceled killed. Scaled Order The scaled order tool is an algorithm designed to allow traders to spend less time entering orders and more time focusing on their strategy.
Post-Only Limit The post-only limit order option ensures the limit order will be added to the order book and not match with a pre-existing order. Limit orders submitted for selling an instrument are executed at or above the limit price. A limit order remains on the book until the order is either executed, cancelled, or expires. Market-limit orders are executed at the best price available in the market.
If the market-limit order can only be partially filled, the order becomes a limit order and the remaining quantity remains on the order book at the specified limit price.
Market orders with protection prevent market orders from being filled at extreme prices. Market orders with protection are filled within a pre-defined range of prices referred to as the protected range.
For bid orders, protection points are added to the current best offer price to calculate the protection price limit. For offer orders, protection points are subtracted from the current best bid price. CME Globex matches the order at the best available price level without exceeding the protection price limit. If the entire order cannot be filled within the protected range immediately, the unfilled quantity remains in the order book as a limit order at the limit of the protected range.
The following example illustrates how the client interacts with CME Globex to process a market order with protection bid. The following example illustrates how the client interacts with CME Globex to process a market order with protection offer. The Stop order type is an order which, when accepted, does not immediately go on the book, but must be "triggered" by a trade in the market the price level submitted with the order.
There are two types of Stop order: After the trigger price is traded in the market, the order enters the order book as a limit order at the order limit price. The order can be filled at all price levels between the trigger price and the limit price.
If any quantity remains unfilled, it remains on the order book as a limit order at the limit price. Stop orders with protection prevent stop orders from being executed at extreme prices. A stop order with protection is activated when the market trades at or through the stop trigger price and can only be executed within the protection range limit.
The order enters the order book as a market order with the protection price limit equal to the trigger price plus or minus the pre-defined protection point range. Protection point values usually equal half of the Non-reviewable range. For bid orders, protection points are added to the trigger price to calculate the protection price limit. For offer orders, protection points are subtracted from the trigger price.
CME Globex matches the order at all price levels between the trigger price and the protection price limits. If the order is not completely executed, the remaining quantity is then placed in the order book at the protection price limit.