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Market – at best price which can be achieved at that moment

 

Market on Open - at best price achievable at open of trading

 

Market on Close - at best price achievable at closing of trading

 

Limit – trade will be executed only at that specified price or not at all

 

Stop Market – stop out trade will be executed at market if level designated is touched

 

Stop Limit - stop will be filled only at price indicated or not at all

 

OCO – one cancels other, if one order filled, other will be cancelled

 

Day – Order valid only for today, will be cancelled automatically at end of trading day

 

GTC – good till cancelled, will remain active until filled or cancelled

 

 

Full contract specifications of all above contracts and options on futures contracts can be found on sites of relevant exchanges:

 

http://www.cmegroup.com/  for: all contracts traded on CME, CBOT, NYMEX & COMEX

 

www.eurexchange.com/  for: all contracts traded on Eurex

 

www.theice.com/  for: all contracts traded on ICE & LIFFE

 

http://www.cboe.com/  for: all contracts traded on CBOE

 

www.euronext.com/  for: all contracts traded on Euronext

 

Please consult them if in any doubt for initial and maintenance margin sizes, nominal contract sizes and option expiry dates.