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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

Description

SIX

PARIS

NYSE

NSDQ

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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