Limit orders are orders that are open until executed or cancelled. These orders remain open until they are executed or canceled by the trader. An advanced limit order is a type of limit order that includes additional conditions. Advanced limit orders can be post-only orders, full execution or cancellation orders, or immediate execution or cancellation orders.
Post requests only
Post orders are only executed if they do not immediately match existing orders in the market. It adds liquidity to the market, and the user becomes the market maker*.
*A market maker provides liquidity to the market by placing an order that is not immediately matched, while a profitable trader places an order that is instantly matched with an existing order, reducing liquidity in the market. The trading fees of a market maker are usually lower than those of a profitable trader of the same level. You can find more details about special trading fees
Example: If the current market price is $100, a “Post Only Buy Order” with a price of $90 will enter the order book. When a 'Publish Only Order' priced at $110 matches an existing order, the order will be cancelled
If the current market price is $100, a “Publish Only Sell Order” with a price of $110 will enter the order book. When a 'Publish Only Order' price of $90 matches an existing order, the order will be cancelled
“Fully Fulfill or Cancel (FOK)” and “Immediate Fulfill or Cancel (IOC)” orders
A “Full Fulfillment or Cancel (FOK)” order requires the order to be fully executed immediately, otherwise it will be cancelled. As for “Instant Fulfillment or Cancel (IOC)” orders, they must be fulfilled immediately, and any incomplete portion of the order will be cancelled.
Example: If the current market price is $100, and the minimum sell order price is $101 with a quantity of 10 orders. A “Fully Fulfill or Cancel (FOK)” order will be executed at a price of $101 with a quantity of 10 orders or less. But if your order is 11 or more, it will be cancelled.
An Instant Activate or Cancel (IOC) order for $101 in a quantity of 10 orders will be executed immediately. However, a $101 “Fulfill Immediately or Cancel” order for a quantity of 30 orders will be partially executed for a quantity of 10 orders, and the remaining 20 order quantity will be cancelled.
“Fully Fulfill or Cancel (FOK)” and “Immediate Fulfill or Cancel (IOC)” orders
A “Full Fulfillment or Cancel (FOK)” order requires the order to be fully executed immediately, otherwise it will be cancelled. As for “Instant Fulfillment or Cancel (IOC)” orders, they must be fulfilled immediately, and any incomplete portion of the order will be cancelled.
Example: If the current market price is $100, and the minimum sell order price is $101 with a quantity of 10 orders. A “Fully Fulfill or Cancel (FOK)” order will be executed at a price of $101 with a quantity of 10 orders or less. But if your order is 11 or more, it will be cancelled.
An Instant Activate or Cancel (IOC) order for $101 in a quantity of 10 orders will be executed immediately. However, a $101 “Fulfill Immediately or Cancel” order for a quantity of 30 orders will be partially executed for a quantity of 10 orders, and the remaining 20 order quantity will be cancelled.
Evacuation responsibilaty:
This article is provided for informational purposes only. It is not intended to provide any investment, tax or other legal advice and should not be considered an offer to buy, sell or hold crypto assets. Cryptocurrency assets, including stablecoins, involve a high degree of risk and can see their value fluctuate greatly, up and down, and could become worthless. Therefore, you should carefully consider whether trading or owning digital assets is suitable for you depending on your financial situation. If you have any questions regarding your specific circumstances, please consult your legal/tax/investment professional.