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Understanding
Order Placement
(click here for a
printable PDF Version)
Requires
Adobe's Acrobat Reader
Exchange Orders -
Valid as of 04/01/05
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EXCHANGE MARKET
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Limit
Order |
Market
Order |
MOC |
FOC |
Stop |
Stop Limit
|
SWL |
SCO |
SLCO |
MIT |
OCO |
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CME |
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Markets |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes*
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Yes |
Yes |
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CBOT |
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Markets |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
No |
No |
No |
No |
No |
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COMEX |
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Markets |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
MOC |
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NYMEX |
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Markets |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
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NYCE |
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Cotton |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes* |
Yes |
Yes |
No |
Yes |
Yes*
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O.J |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Yes* |
Yes*
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USD Index |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes* |
No |
Yes |
Yes*
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CSCE |
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Coffee |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
Yes*
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Sugar |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
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Cocoa |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
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NYFE |
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Markets |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
MOC |
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KCBT |
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Value Line
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Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes*
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Yes |
Yes |
Yes |
Yes |
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Wheat |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes*
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Yes |
Yes |
Yes |
Yes |
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MID-AM |
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Markets |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
No |
Yes |
No |
No |
Yes**
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Legend:
SWL=Stop With Limit / SLCO=Stop
Limit Close Only *=Not Held / SCO=Stop
Close Only / FOC= Fill or Kill /
MIT=Market If Touched **=No Meats /
MOC=Market On Close / OCO=Order
Cancels Order
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Disclosure of
Risk: The risk of
loss in trading futures and options can be substantial;
therefore, only genuine risk funds should be used. Futures and
options ARE not suitable investments for all individuals, and
individuals should carefully consider their financial condition
in deciding whether to trade. Option traders should be aware
that the exercise of a long option would result in a futures
position. |
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