Trading modes
Trading modes

Continuous double auction (Order-Driven Market):

  • a trading mechanism of continuous matching of orders for buy and sell. Trades are executed whenever the price of bids and asks is matched.

    Order-input kinds:

  • market order - an order to buy or sell a certain number of financial instruments at the best available current price
  • limit order - an order to buy certain financial instruments at not more, or sell at not less, than a specific price.

    Settlement codes:

  • S-T+0