Order
An order is a request to buy or sell a security at a specific price. Orders are typically placed through a broker or investment platform, and can be either market orders or limit orders. Market orders are executed immediately at the best available price, while limit orders are executed at a specified price or better. Orders can also be placed for a specific duration, such as day orders, good-till-canceled (GTC) orders, and fill-or-kill (FOK) orders.
History of the Term
The concept of orders has been around since the early days of trading. In the past, orders were placed through a broker or a trading desk, and were typically done over the phone. With the advent of electronic trading, orders can now be placed online through a broker or investment platform. This has made it easier for investors to place orders quickly and efficiently.
Comparison Table
| Order Type | Execution | Duration |
|---|---|---|
| Market Order | Immediate | Day Order |
| Limit Order | At Specified Price | GTC Order |
| FOK Order |
Summary
An order is a request to buy or sell a security at a specific price. Orders are typically placed through a broker or investment platform, and can be either market orders or limit orders. Market orders are executed immediately at the best available price, while limit orders are executed at a specified price or better. Orders can also be placed for a specific duration, such as day orders, good-till-canceled (GTC) orders, and fill-or-kill (FOK) orders. For more information about orders, investors can visit websites such as Investopedia, The Balance, and Investing.com.
See Also
- Market Order
- Limit Order
- Day Order
- GTC Order
- FOK Order
- Stop Order
- Stop-Limit Order
- Market-on-Close Order
- Limit-on-Close Order
- Fill-or-Kill Order
