NISM Series XIII Common Derivatives Certification Exam Notes
Page 159 Of 303
Go to:
Price Condition Orders: Include Market Orders (buy/sell at best price), Limit Orders (buy/sell at specified price), and Stop Orders (activated by trigger price).
Market Order: Executes at the best available price; can be without protection or with protection to limit execution range.
Limit Order: Specifies desired price; executes only if market reaches that price or better.
Stop Order: Becomes active only when the market hits a specified trigger price.
Time Conditions: DAY (valid for the day), IOC (Immediate or Cancel), GTC (Good Till Cancelled), GTD (Good Till Date), and COL (Cancel on Logout).
MODELEXAM® 
www.realsoftinfoplan.com