Execution Modes
There are three order execution modes realized in the mobile terminal:
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Instant Execution
In this mode, the market order is executed at the price offered to the broker. When a request is sent for execution, the terminal automatically inserts the current prices in the order. If the broker accepts the prices, the order will be executed. If the broker does not accept the requested price, the so-called “Requote” will take place — the broker will return prices, at which the order can be executed. -
Execution by Request
In this mode, the market order is executed at the price offered by the broker. The trader requests for prices from the broker before sending a market order. After the broker’s prices have income, the trader can either confirm the order execution at this price or refuse it. -
Execution by Market
In this mode, the decision about the order execution price is made by the broker without any additional co-ordination with the trader. Sending of the market order in this mode means the the trader preliminarily agrees with the price, at which the order will be executed.