The description of the types of Advanced Orders is as below:
- GTC (Good-Til-Canceled)
An order that uses the Good-Til-Canceled (GTC) time in force will continue to work until the order fills or is canceled
- Post Only
Post Only Orders are Limit Orders that are only accepted if they do not immediately execute. That is, Post Only Orders never take liquidity. Market makers use Post Only Orders in order to only submit passive orders so as to earn the Maker rebate. This order type can be accessed from the Limit Order, Stop Limit Order or Take Profit Limit Order
- IOC (Immediate or Cancel)
The Immediate-or Cancel (IOC) time in the force applied to an order dictates that any portion of the order that does not fill immediately will be canceled.
- FOK(Fill or Kill)
FOK (Fill or Kill) orders fills all in its entirety, otherwise, the entire order will be canceled.
15 Jul 2020
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