Order Types

Market: An order that executes immediately at the current mark price
Limit: An order that executes at the selected limit price or better
Stop Market: An order that becomes a market order when the trigger price is reached
Stop Limit: An order that becomes a limit order when the trigger price is reached
TWAP: Time-Weighted Average Price order that splits a large order into smaller pieces executed over time

Order Options

Reduce Only: An order that can only reduce an existing position, not increase it or open a new position.
Post Only (ALO): An order that is added to the order book but doesn’t execute immediately
Fill or Kill (FOK): An order that must be filled entirely or not at all
Immediate or Cancel (IOC): An order that will be canceled if not immediately filled
Take Profit: An order that automatically closes a position when the price reaches a specified profit target
Stop Loss: An order that automatically closes a position when the price reaches a specified loss threshold