Common use of Types of CFD Orders Clause in Contracts

Types of CFD Orders. 2.1. The following CFD Orders may be placed with the Company, depending on the types of Client Account the Client has: ⦁ Previously Quoted. The Client sends new Orders with reference to a previously received executable price. ⦁ Limit. Orders executed according to Client specifications at the limit price or better until they are filled, canceled, or expired.⦁ Market. Orders are executed immediately at the best available price in the system. ⦁ Market Range. Orders are executed immediately at the best available price in the system as long as the slippage is within the range specified. ⦁ Stop. Orders are active but do not execute until the market price reaches the Order’s trigger price. Orders are then executed as market or market range orders depending on whether or not the related field is specified. ⦁ Stop Limit. Orders are active but do not execute until the market price reaches the Order’s trigger price. Orders are then executed as limit orders at the order limit price or better.