Pending Limit Orders (GTC)

A Pending Limit Order allows takers, sub-takers or masters (on behalf of a client) to place orders at a specific price, even if the orders are not immediately executable. This is a Good 'til canceled (GTC) type of an order.

The order remains active until it is either fully executed or cancelled by the client. When placing the order, the trader specifies a limit price, which acts as a guideline—serving as a maximum for buys or a minimum for sells. However, this limit serves only as a reference: the trade may be completed at a better price. If a better market price is available at the time of order creation, the order will be executed immediately. This approach allows the client to benefit from better market conditions while complying with the defined parameters.

How to use

To place a Pending Limit Order, navigate to Trading -> Firm Book and enter the size and desired price. While risk management checks are not applied when the GTC order is placed, all orders associated with its execution will be subject to the applicable risk management rules.

Open orders, including non-executed or partially executed ones, can be found in the Orders Widget on the trading page.

Each GTC order has a breakdown of the orders involved in the execution process

A dedicated Pending Orders Table is available under History -> Trading -> Orders -> Pending, displaying real-time statuses such as Open, Filled, and Canceled. This provides users with a clear and organized view of all pending orders.

To place or manage Pending Limit Orders, please refer to our API.