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Unstding. Margin
--Order Placement
 


Understanding Order Placement 

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Exchange Orders - Valid as of 04/01/05
 

EXCHANGE MARKET

Limit
Order

Market
Order

MOC

FOC

Stop

Stop Limit

SWL

SCO

SLCO

MIT

OCO

CME

 

 

 

 

 

 

         

Markets

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes*

Yes

Yes

CBOT

 

 

 

 

 

 

 

 

 

 

 

Markets

Yes

Yes

Yes

Yes

Yes

No

No

No

No

No

No

COMEX

 

 

 

 

 

 

         

Markets

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes

MOC

NYMEX

 

 

 

 

 

 

         

Markets

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes

Yes

NYCE

 

 

 

 

 

 

         

Cotton

Yes

Yes

Yes

Yes

Yes

Yes*

Yes

Yes

No

Yes

Yes*

O.J

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes*

Yes*

USD Index

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes*

No

Yes

Yes*

CSCE

 

 

 

 

 

 

         

Coffee

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes

Yes*

Sugar

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes

Yes

Cocoa

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes

Yes

NYFE

 

 

 

 

 

 

         

Markets

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes

MOC

KCBT

 

 

 

 

 

 

         

Value Line

Yes

Yes

Yes

Yes

Yes

Yes

Yes*

Yes

Yes

Yes

Yes

Wheat

Yes

Yes

Yes

Yes

Yes

Yes

Yes*

Yes

Yes

Yes

Yes

MID-AM

 

 

 

 

 

 

         

Markets

Yes

Yes

Yes

Yes

Yes

No

No

Yes

No

No

Yes**

 

Legend:

SWL=Stop With Limit / SLCO=Stop Limit Close Only *=Not Held / SCO=Stop Close Only / FOC= Fill or Kill / MIT=Market If Touched **=No Meats / MOC=Market On Close / OCO=Order Cancels Order
 

 
 
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