Documentation

Orders

An overview of Orders and Prices.

Core Concepts

The following sections explain the main concepts behind Orders and Prices.

Order Basics

What is an Order? An explanation of what an Order is and how it is processed through to execution.

Order Types

Orders can be simple or can combine logical rules to determine their behaviour. This system supports native Stop Orders and time-triggered Orders.

Order Status and Lifespan

During its lifetime, an Order goes through various states. The trader can select an Order lifespan so that the Order exists for a well-understood period of time.

Orders can originate on other systems and be routed to this system, with Order updates then routed back to the source system. Your website can provide the user interface, send Orders to this system, and present Order progress and Price data back to your Users.

Average Limit Orders

Orders can respect a price limit on each execution, or on all executions as a whole. Average Limit Orders allow traders to convert price improvements into additional executed quantity.

Prices

Working LIMIT Orders are displayed as Market Price data, together with the last traded price and volume. Historical Price data is available. The format of Price data can be configured for each Market.