There are 2 main categories: market orders and pending orders.

Market order

A market order is a client's instruction to make a purchase or sale transaction at the current market price. The transaction is made instantly via the trading terminal at the price displayed in the transaction window, or by phone at the quote offered by the dealer.

In the transaction window, the client can set the maximum permissible deviation of the order execution price from the requested price. In conditions of rapid price changes and Internet lag, the position is opened as follows:

If the current market price goes beyond the specified deviation, the client will be offered a new market price. In this case, the client can accept the new market price to execute the order.

If the current market price remains within the specified deviation, the position will be opened at this market price.

Pending order

A pending order is a client's instruction to make a purchase or sale transaction at a price different from the current market price. 

To find menu with PENDING ORDER press New Order tab in the left menu of ArtCap trading platform.

Types of pending orders:

Sell Limit - an order to sell at a price higher than the current market price.
Buy Limit - an order to buy at a price lower than the current market price.
Sell Stop - an order to sell at a price lower than the current market price.
Buy Stop - an order to buy at a price higher than the current market price.

When the market price reaches the price specified in the order, a buy or sell transaction is executed. Sell Limit, Buy Limit orders are executed at the price specified by the client or at a better price. Sell Stop, Buy Stop orders are executed at the price specified by the client, except in cases of price gaps, when the order can be executed at the first available price on the market.

                       We wish you successful trading with ArtСap !