Immediate Orders

Overview

This article describes immediate orders.

Immediate Orders

There are two kinds of an immediate order:

Close	Used for closing a previously opened position immediately upon the trader's request.

Immediate Open Orders

There are three types of an open order:

Open Market	The order must be executed at any available price. Partial fills may occur.
Open Range	The order must be executed within the price range specified by the trader or not executed at all. If the price is unavailable, the order must be rejected. Partial fills may occur.
Open Limit	The order must be executed at the price specified by the trader or at a more favorable price. If the price is unavailable, the order must be rejected. Partial fills may occur.

Note: If the trader places an order to open a position that is opposite to the existing position and hedging is not allowed on the account, the immediate open order will partially or fully close the existing position.

Immediate Close orders

Close Market	The order must be executed at any available price. Partial fills may occur.
Close Range	The order must be executed within the price range specified by the trader or not executed at all. If the price is unavailable, the order must be rejected. Partial fills may occur.
Close Limit	The order must be executed at the price specified by the trader or at a more favorable price. If the price is unavailable, the order must be rejected. Partial fills may occur.

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