What are the different order types available on CubePlus and how are they executed?
Order Types on CubePlus:
Market Orders: A market order on CubePlus instructs the stockbroker to buy or sell shares at the current best available price. It’s a quick and efficient way to execute trades.
Limit Orders: With a limit order, you specify the price at which you want to buy or sell shares. The broker ensures the trade occurs at your defined price, not exceeding it.
Stoploss Orders: CubePlus offers stop-loss orders to limit potential losses. This type of order is useful when there’s a concern that prices may move unfavorably against the trade.
Additional Features:
Good Till Triggered (GTT): CubePlus provides the convenience of GTT, allowing clients to set conditions for order execution even when they are not actively monitoring the market.
After Market Order (AMO): Clients can use the AMO feature to place orders outside regular market hours, gaining an edge by being ahead of the queue.
Best Possibility of Execution:
Market Orders have the best possibility of execution. When placed during market hours, they get filled on a first-come, first-served basis, ensuring a swift execution.
Pre-Market Sessions and AMO: Clients can strategically place orders during pre-market sessions or utilize the After Market Order (AMO) feature to stay ahead in the queue.