Currently, there are three possible order methods: limit orders, market orders, and stop orders.
This section describes Limit Order and Market Order. For stop orders, please click here.
1． Limit Order
Limit order is an order method that specifies a "price" and "quantity.
If the specified price or a more favorable price than the specified price is available, the order will be executed (matched). Otherwise, the specified price and quantity will be lined up on the orderbook. Limit orders are never executed at a price less favorable than the specified price. Therefore, limit orders are not necessarily executed at the specified price.
2．Market Order
A market order is a method of placing an order to buy or sell a certain amount of an order by specifying the quantity only.
Since no price is specified, it is possible to buy/sell easily and reliably without having to refer to the price on the orderbook.
| 項目 | Market Order | Limit Order |
|---|---|---|
| Taker/maker | Taker | Taker/maker |
| Specified price | × | 〇 |
| Specified quantity | 〇 | 〇 |
| Advantage | Easy to execute | Price specification available |
| Disadvantage | Price specification unavailable | May not be executed |
Points to note
・Short selling and counter-purchase are not allowed.
・The order of priority for limit order execution is (price > time), and limit orders with the same price are executed in order of time priority.
・Limit orders will not be executed at an unfavorable price. (For example, a limit order placed at 32 yen will not be executed at a price higher than 32 yen, but will be executed at a price lower than 32 yen.)