Contract Trading Order Types

Venkate supports various order types to meet traders' habits and needs.

Limit Orders

Venkate limit orders allow users to set the order price, and the order will be executed at the order price or a better price.

When submitting a limit order, if there are orders in the order book with prices better than or equal to the order price, the limit order will be immediately executed at the best available price, consuming market liquidity and incurring taker fees.

If no orders in the order book meet or exceed the order price, the limit order will enter the order book, waiting to be executed and improving market depth. The trader will receive a maker fee rebate upon execution.

Limit orders can also be used for partial or full take-profit limit orders. The advantage of limit orders is ensuring execution at the specified price but at the risk of non-execution.

Market Orders

Venkate market orders are executed at the best available price in the order book, without needing to set a price, ensuring quick execution. However, market orders cannot guarantee the execution price due to potential rapid market price fluctuations. Traders usually use market orders for quick entry to capture market trends.

Trigger Orders

"Trigger Orders" refer to orders where users set a trigger price and quantity. When the latest market price reaches the trigger price, the system automatically places a regular limit order based on the user's preset order price and quantity.

Take-Profit and Stop-Loss Orders

Take-profit and stop-loss orders allow users to set trigger prices and order prices in advance. When the market price reaches the trigger price, the system will automatically place an order based on the user's set order price and quantity. One-way take-profit and stop-loss orders can set one side (either take-profit or stop-loss), while two-way take-profit and stop-loss orders can set both sides, with one side invalidating the other upon trigger. This type of order will pre-freeze account assets.

Other Order Types

GTC (Good-Till-Canceled): The order remains active until executed or canceled.

FOK (Fill or Kill): The order must be fully executed immediately; otherwise, it will not be executed at all.

GTX (Good Till Crossing): If the order cannot be matched as a maker, it will be canceled.

IOC (Immediate or Cancel): The order must be executed immediately, even partially. The unexecuted part will be canceled.