BVOX Futures: Regular Order

What is a regular order?

Under a regular order, the user's order will be instantly reported to the trading system, and the trading system will match the user's order price with the market based on the principle of price priority and time priority.

Limit Order: An order placed at a specified price, which may be immediately executed, partially executed, or not executed depending on the order price and market conditions.

Market Order: An order executed immediately at the best available market price. Best Bid/Offer Order: An order placed at the price of the opposite side's first-tier order book. For example, when buying, the sell price is used to place the order, and when selling, the buy price is used to place the order.

Queue Jumping Order: An order placed at the price of the user's first-tier order book. For example, when buying, the buy price is used to place the order, and when selling, the sell price is used to place the order. Generally, it cannot be executed immediately.

Super Price Order: An order placed at a price higher than the opposite side's first-tier order book, which is generally immediately executed.

 

BVOX Team

 

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