Orders Types
SoDEX provides a comprehensive suite of order types, enabling traders to execute complex strategies and manage market exposure with precision.
Market Order
An instruction to execute a trade immediately at the best available price in the order book. Prioritizes speed over price certainty, executing as a Taker order. (Default slippage tolerance: 1%)
Fast entry/exit, Taker execution
Limit Order
An order to buy or sell at a specified limit price or better. The order is only filled if the market reaches or surpasses the limit. Guarantees price but not fill.
Entering/exiting at a specific target, Maker execution
Stop Market Order
A conditional order triggered by a specified stop price. Once the market hits the stop price, a Market Order is automatically placed for immediate execution.
Stop-loss or breakout entry
Stop Limit Order
A two-stage conditional order with both a stop price and a limit price. When the stop price is triggered, a Limit Order is placed at the specified limit price.
Loss-limiting or entry with defined price protection
Order Options
These modifiers customize an order's behavior and duration on the book.
Reduce-Only
Guarantees the order will only decrease the size of an existing open position. Prevents opening a new position or increasing the current position size.
Essential for risk management
Good-Til-Canceled (GTC)
The default duration. The order remains active on the order book until it is fully filled or manually canceled by the trader.
Standard long-term orders
Immediate-or-Cancel (IOC)
Requires the order to fill immediately upon placement. Any portion that cannot be filled instantly is canceled.
Executing maximum size quickly without leaving residual orders
Take Profit (TP) / Stop Loss (SL)
Risk management tools executed upon reaching a price target (TP) or loss threshold (SL). On SoDEX, these orders are triggered by the Mark Price and are executed as Market orders.
Automated profit-taking and loss-limitation
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