What is the validity of an IOC order?
IOC is referred to as ‘Immediate Or Cancel’. These orders get executed as soon as they are sent to the exchange, failing which they get cancelled.
These orders do not remain pending in the system until a suitable match is found. In case, only a portion of the order is executed, the other portion gets cancelled automatically.
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What is validity?
Validity is the tenure until which the order placed is valid. There are two sub-categories of validity: Day Immediate Or Cancel Day: The order placed (Other than the market order) will be valid throughout the Day. If the order is open throughout and ...
What is the order type used when buying a theme?
The orders places are market orders with IOC validity (Immediate or Cancel). What this means is that when you place an order, it gets filled at the current market price immediately or is cancelled immediately.
What is a Multi-Leg Order and how is it different from the Multi Order API (Bracket Order)?
A Multi-Leg Order is a feature that allows users to execute multiple legs simultaneously, providing hedging benefits and ensuring that all legs of the order are executed together. This differs from the Multi Order API, where each leg is sent to the ...
What is the validity of a GTD order?
GTD refers to ‘Good Till Day’. In the event that these orders do not get executed immediately, they remain pending until the end of the trading day. After which, the exchange cancels all the pending orders.
How to place a basket order in FYERS Next?
To place a basket order in FYERS Next, you can follow these steps: Login to the Next trading terminal using your FYERS credentials Go to ‘Trading’ and select the ‘Basket Order’ option under the ‘Basket Order’ drop-down or use the shortcut Ctrl+B. Add ...