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Type of orders

Updated on 12 August 2021

TradeDirect accepts the kind of order allowed by the stock markets, namely "At market", "Limit". "Stop-Loss" and "Stop-Limit" orders

 Type Signification SIX PARIS NYSE  NASDAQ XETRA Other
At market
At the market level when the order is entered, unless it is an "odd lot" order
Yes
Yes
Yes
Yes
Yes
Yes
Limit
The maximum bid of offer price is set when the order is entered
Yes
Yes
Yes
Yes
Yes
Yes
 Stop-Loss Conditional orders are triggered as soon as the fixed "Stop-Loss" is reached, the order becomes an "at market" order and will be executed at the following price
Yes
Yes
Yes
No Yes
No
 Stop-Limit Same as a "Stop-Loss" order, except that when the trigger price (Stop Level) is reached, the order is placed with a specific limit (i.e., it becomes a limit order)
Yes
Yes
No No Yes
No

     


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*e.g., days on which the markets are closed or have modified trading hours

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