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the current market price, and a stop sell order is placed below.
触价指令是指市场价格只要触及客户所规定的价格水平时就生效的指令。也就是说,一旦市场
价格到达了客户所事先设定的价格,这份指令就成为市价指令,这时经纪人就可以争取以最佳
的价格为客户达成交易。
>Market On Open
A market order executed at the market's open at the market price.
>Market On Close
A market order executed at the market's close at the market price.
>Pegged to Market (挂钩市场)
An order that is pegged to buy on the best offer and sell on the best bid.
>VWAP (交易量加权均价)
The VWAP for a stock is calculated by adding the dollars traded for every transaction
in that stock ("price" x "number of shares traded") and dividing the total shares
traded. A VWAP is computed from the open of the market to the market close, and is
calculated by volume weighting all transactions during this time period.
Price Improvement
>Limit (限价指令)
A limit order is an order to buy or sell a contract at a specified price or better.
>Limit If Touched (触发限价指令)
An LIT (limit-if-touched) is an order to buy (or sell) an asset below (or above) the
market, at the defined limit price or better. This order is held in the system until the
trigger price is touched, and is then submitted as a limit order. An LIT order is similar
to a stop limit order, except that an LIT sell order is placed above the current market
price, and a stop limit sell order is placed below.
Discretion自由裁量权
>Discretionary(全权委托)
Discretionary Order is a limit order for which you define a discretionaryamount (which
is added to or subtracted from the limit price) that increasesthe price range over
which the order is eligible to execute. The original limit price is displayed to the
market.
全权委托定单是一种限价定单,您对其定义一个任意的金额(将被添加到限价中或从限价中扣
减),该金额会增大定单能够执行的价格范围。最初的限价被显示给市场。
>Hidden (隐藏指令)
Hidden order (generally a large volume order) shows no evidence of its existence in
either the marketdata or the deep book
>Iceberg(冰山指令)
Iceberg order allows you to submit an order (generally a large volume order)while
publicly disclosing only a portion of the submitted order.
Market Timing
>All or None (全或无指令)
An AON (all or none) order will remain at the exchange (or in the IB system) until the
entire quantity is available to be executed.
使用全或无(AON)属性的定单,只有当整个数量在特定的价格或更好价格可用时才将被执
行。定单将保持活动直到:整个数量在特定的价格(或更好)可用。或者定单被取消。