PRICE AND ORDER TYPES
Limit Order: Limit orders are placed by specifying the repo rate, the share price, and the repo amount. The non-executed part of the order remains passive in the system.
Market Order: In this type of orders, the repo rate and the share price are not specified. The order given in multiples of the minimum order size is fully or partially matched by passive orders and the non-executed part of the order is cancelled.
Limit Orders and Market Orders may include the specific conditions defined below.:
Fill and Kill Order: It is an active order type, which is subject to the condition of execution in part. As soon as it is entered, this order matches with the outstanding counter-orders, and its non-executed part is automatically cancelled. It may be given in the form of a “Limit Order” or a “Market Order”.
Fill or Kill Order: It is an active order type, which is subject to the condition of execution in full. If this condition is not met as soon as the order is entered, the order is cancelled. It may be given in the form of a “Limit Order” or a “Market Order”.
Validity Periods of Orders: Orders are valid for the day on which they are placed. All the same day value-dated orders are cancelled at 12:00 unless executed. Future value-dated orders are cancelled at 17:30 by the system automatically unless executed.