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Limit order:
Limit orders entered into LIFFE Connect wil be executed at the stated limit or better.
Market order:
Market orders are executed at the best price(s) in the market until all available volume has been traded.
Immediate or Cancel:
Immediate or Cancel orders are immediatley executed against against any existing orders (up to the limit level) with any residual volume automatically cancelled.
Good 'til Cancelled:
GTC's remain in the market until they trade, are cancelled or the relevant contract month expires.
Complete Volume:
Complete volume orders will only be executed if there is sufficient volume to fill the order. Otherwise they will be automatically cancelled.
Minimum Volume:
Minimum volume orders will only be executed if the specified minimum volume is immediately available to trade.
Stop Orders:
Stop orders will be executed only if the market trades through the trigger price whereupon the stop will be executed at market.
N.B.
All types of orders can be edited or cancelled once they have been entered into LIFFE Connect.
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