Order Types

HybridBook

The following order types and execution conditions are available in the HybridBook:    

  LIMIT MARKET AT BEST PEGGED ICEBERG** STOP 
Good for Day
(GFD)
Y Y* Y Y Y Y
Good for Session (GFS)  Y Y* Y Y Y Y
Good till Cancel
(GTC)
Y  Y* Y Y Y Y
Good till Date
(GTD) 
Y  Y* Y Y Y Y
Good till Time
(GTT) 
Y Y* Y Y Y Y
Immediate or Cancel (IOC) Y Y N N  Y N
Fill or Kill
(FOK) 
Y Y N N Y N
 At the Open (ATO) Y Y Y N Y N
At the Close (ATC)  Y Y Y N Y N

(*) Will rest in the book when entered during non-continuous trading periods.
(**) Only limit iceberg orders are accepted.    

 

PartnerEx

The following order types and execution conditions are available in the PartnerEx:     

  LIMIT MARKET ICEBERG AT BEST STOP 
Good for Day (GFD) Y Y* N Y Y
Good till Cancel (GTC) Y Y* N Y Y
Good till Date (GTD) Y Y* N Y Y
Good till Time (GTT) Y Y* N Y Y
Immediate or Cancel (IOC) Y Y N N N
Fill or Kill (FOK) Y Y N N N
At the Open (ATO) Y** Y** N Y** N
At the Close (ATC) Y** Y** N Y** N

(*) Unexecuted portions after PartnerEx match will rest on HybridBook and then be retried in PartnerEx before any unexecuted balance is returned to the OFP. 
(**) Same behaviour as HybridBook ATO/ATCs.


Quotes

A quote is a pair of executable buy and sell prices (with volumes) at which a Market Maker is committing to trade in the HybridBook with other Börse Berlin participants.