Order Types
Order Types & Algorithms
sFOX offers a wide range of order types and execution algorithms to optimize your order execution. Further details can be found in the sFOX Support Center. Or contact support to speak with an expert.
| ID | Name | Description |
|---|---|---|
| Market | An order to buy or sell as quickly as possible, regardless of price |
| Smart Routing | An order to buy or sell at a specific price or better |
| Limit | An order to buy or sell at a specific price or better |
| Gorilla | Post-only maker order that places portions of your order on exchanges at a time to hide your order size from the market |
| Tortoise | Post-only maker order that places your order on the exchange with the best price |
| Hare | Post-only maker order that keeps you in the most competitive position in the order book at the price you want or better |
| Stop | An order to buy or sell an asset once the price of the asset reaches a specified price. When the trigger price is reached, a stop order becomes a market order (taker-only) |
| Polar Bear | An order that only takes from the best bid or ask until the order is completely filled (taker-only) |
| Sniper | Hides your order size in the SFOX Dark Pool but aggressively takes when bids or offers are available better than or equal to your limit price |
| TWAP | Execute evenly over a set amount of time at a price equal to or better than the order price, to achieve a time-weighted average price |
| Trailing Stop | An order where the stop price, set at a specific dollar or percentage interval above or below the current price, can adjust as the market does (sell order triggers follow the price up, but then stay the same as the price moves down and vice versa). |
| Immediate-or-Cancel (IOC) | An order to immediately buy or sell at the specified price or better and cancel any unfilled amount |
Routing Types
The routing type defines how sFOX prioritizes different sources of liquidity when executing your order. sFOX always attempts to execute your order at the best available price.
Routing Type | Description |
| Routes orders to the best venues for execution by considering both the quoted prices and the fees charged by the trading venues. Additional details here. |
Contact support@sfox.com to learn more about additional routing options.
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