TREC Holder name:
CSE trading system provides immense flexibility to the investors in terms of kinds of orders that can be placed to trade.
The system allows the user to modify or cancel an order prior to execution.
The most frequently order on the CSE is the "limit order", which is an order to buy or sell at a specific price. Conditions related to time can be easily made into a limit order, which are as follows
Good Till Cancelled (GTC): A GTC order is the order that remains in the system for a period not exceeding one calendar week or the member cancels it.
Good For Day (GFD): A GFD is the order, which is valid for the day on which it is entered. If the order is not matched during the day, the order gets cancelled automatically at the end of the trading day.
Good Till Date (GTD): A GTD order allows the member to specify the number of days not exceeding one calendar week for which the order shall stay in the stay in the system. At the end of this period the order shall be deleted from the system.
In addition to limit order, the Exchange has introduced other following types of orders for the investors
Full Fill or Kill (FOK): A FOK order is the order that will match for a trade at the Market Price only if the total quantity is available.
Partial Fill Rest Kill (PFRK): A PFRK order is the order that will match for a trade at the Market Price for the quantity available in the market. The balance quantity, if any, will be deleted from the system.
Partial Fill Rest Convert (PFRC): A PFRC order is the order that will match for a trade at the market price for the quantity available in the market. The balance quantity, if any, will be converted to a Limit Order at the last traded price.
Minimum Fill: An order in which the minimum quantity must be filled.