The following This topic describes the order types are supported by CME Globex for futures and options markets .Click the order type in the table for a description and examples of each type.including:
The above order types can be used in conjunction with an Order Type Qualifier.
For message-level details for the following order types, see iLink Order Types.
For a video overview, watch the iLink Order Entry module of CME Globex 101.
<p><a href="https://www.cmegroup.com/education/videos/cme-globex-101.html" target="_blank" rel="nofollow"><img src=http://www.cmegroup.com/globex/images/eid-thumb.png alt="CME Globex 101"></a></p>
Limit orders allow the buyer to define the maximum purchase price for buying an instrument and the seller to define the minimum sale price for selling an instrument.
Any portion of the order that can be matched is immediately executed. Limit orders submitted for buying an instrument are executed at or below the limit price. Limit orders submitted for selling an instrument are executed at or above the limit price. A limit order remains on the book until the order is either executed, cancelled, or expires.
Click the icon below to view a video for Market Order with protection:
<div<p><a stylehref="display: block; position: relative; max-width: 50%;"><div style="padding-top: 56.25%;"><video data-video-id="ref:170523ProtectedRange-MktStopOrders" data-account="49919183001" data-player="46f29b5c-718a-4f1f-aabc-37aadea1426c" data-embed="default" data-application-id class="video-js" controls style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;"></video> <script src="//players.brightcove.net/49919183001/46f29b5c-718a-4f1f-aabc-37aadea1426c_default/index.min.js"></script></div></div>http://www.cmegroup.com/education/protection-functionality-for-market-and-stop-orders.html" target="_blank" rel="nofollow"><img src=http://www.cmegroup.com/globex/images/eid-thumb.png alt="Protection Functionality for Market and Stop Orders"></a></p>
Stop Order - Futures Only