What is a Limit Order?

What is a Limit Order?

A Limit Order is an order type created by entering the quantity and only the target price determined by you into the system for your buy or sell transactions. In this order type, the transaction occurs only at the price you have approved (or at a more advantageous price: lower for buying, higher for selling); there is no possibility of a match at a price other than the one specified. Your transaction is kept pending in the system until a counter-demand meeting this price is formed in the market. Depending on market conditions, if the price fails to reach your specified level, there is a possibility that the order may not be executed.

What is Partial Order Execution?

Partial Order Execution occurs when an instruction given as a Limit Order is completed by matching piece by piece, depending on the available liquidity in the market. When there are not enough counter-orders at your specified price level to meet the total volume of your order, the system processes the available amount immediately and continues to keep the remaining balance as an open order.

*You can check your open orders from the "My Open Orders" tab located in the "Buy/Sell" section; you may adjust the limit price or easily cancel your order at any time.