

The first order in the Order Entry screen triggers up to seven more orders to be submitted simultaneously, each independent of the others. The first order entered in the Order Entry screen triggers a series of up to seven more orders that are not filled until the next order in the queue is filled. Submits up to eight orders simultaneously, each independent of the others. GTC + EXTO orders are valid for all sessions Sunday through Friday until filled or canceled. The EXTO session is valid for all sessions for one trading day from 8 p.m. Submits a limit order to buy or sell at a specific price or better at the close of trading that day.

Indicates you want your order to execute as close as possible to the market closing price. Both are accepted only for stocks that trade on NASDAQ, NYSE, and AMEX. Once the stop (activation) price is reached, the trailing order becomes a market order, or the trailing stop limit order becomes a limit order. In a fast-moving market, it might be impossible to execute an order at the stop-limit price or better, so you might not have the protection you sought.Īn order that is entered with a stop parameter that moves in lockstep (“trails”)-either by a dollar amount or percentage-with the price of the instrument. With a stop limit order, you risk missing the market altogether. Seeks execution at a specific limit price or better once the activation price is reached. There is no guarantee that the execution price will be equal to or near the activation price. Indicates you want your stop order to become a market order once a specific activation price has been reached. Seeks execution at the price you specify or better. Seeks execution at the next available price.
