Orders and Orderbooks

All orders, BUY or SELL, on the Ithaca platform are required to be Limit Orders.

The platform does not allow for Market Orders to be submitted into the Orderbook.

Orders can be valid for different time frames. A Day Order is cancelled if it did not get executed by the end of the trading day on which it was submitted into the orderbook. Unless otherwise specified, every order is a Day Order.

A Good-Til-Cancelled Order (GTC) will remain in the Orderbook as a live order until it is fully executed or the order is cancelled. GTC orders that are not fully executed will automatically be cancelled when a Contract stops trading and the orderbook is closed prior to the Contract’s expiry.