Order Ticket Help
Use the order ticket to enter orders to buy or sell contracts on the exchange.
- Enter the price, quantity and lifetime and click 'Buy' or 'Sell'.
- You will then be asked to confirm the order.
- If you're not sure how many contracts to Buy or Sell, the total risk is displayed below the order ticket. The risk displayed will change as you modify your order
- For more examples on entering orders see our Help section.
If an order is not matched, it will appear as a new order in the order book.
Glossary
Basic Order
Quantity - The number of contracts to buy or sell.
Limit Price -The limit price is the highest(if you
are buying) or lowest(if you are selling) price at which your order will
be matched.
Lifetime - If your order is not filled immediately, the
lifetime controls how long the order will live on the order book.
The lifetime options are:
- Good for Session - The order will be automatically cancelled at the end of the current trading session (The start of the following day).
- Good Till Cancelled - The order will remain active until you manually cancel it or the contract expires.
- Fill Or Kill - The order is cancelled immediately if it cannot be fully matched.
- 5 minutes, 10 minutes etc - The order will be cancelled this amount after the order is entered.
- Custom Time - This option allows the user to enter a specific time to cancel the order.
Advanced Order
Good Till
If you select 'Custom Time' as the lifetime, the 'Good Till' box is enabled. Enter the
time you want the order to be cancelled in this box.
If you click on the link to the left of the time box, the current time will be set in
the time box.
If you enter a time in an incorrect format the order will be rejected. If this happens,
just fix the time format and enter the order again.
N.B. If you use a different timezone to the system timezone, be extra sure that the
time is correct. After entering the order, you can check the time by looking at the
order in the orders report.
Stop Order
A stop order will not be entered into the order book immediately.
If it is a buy order it will become active if a trade occurs at or above the stop price.
If it is a sell order it will become active if a trade occurs at or below the stop price.