Order Types

An order is an instruction to OTT to purchase or sell a security on behalf of the investor. Some exchange has special order types available for investors to facilitate their trading (such as Funari order in Tokyo Stock Exchange). In addition, we offer trading algorithms that may speed execution and provide price improvement. For detailed information pertaining all available order types and algorithms, contact us.

Common Order Types

Market Order A Market order is an order to buy or sell at the market bid or offer price.
Limit Order A Limit order is an order to buy or sell at a specified price or better.
Stop Order A Stop-Limit order is an instruction to submit a buy or sell limit order when the user-specified stop trigger price is attained or penetrated.
Stop-Limit Order A Stop-Limit order is an instruction to submit a buy or sell limit order when the user-specified stop trigger price is attained or penetrated.
Trailing Stop Order A Sell Trailing Stop order sets the stop price at a fixed amount below the market price with an attached "trailing" amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price doesn't change, and a market order is submitted when the stop price is hit. "Buy" trailing stop orders are the mirror image of sell trailing stop orders.
Trailing Stop Limit Order A Trailing Stop Limit order works just like a trailing stop order, except when triggered it will send out a limit order instead of a market order.