NISM Series XIII Common Derivatives Certification Exam Notes
Page 52 Of 303
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Order Types: Include day, limit, stop-loss, and immediate-or-cancel orders.
Price Conditions: Orders executed at specified price levels (e.g., limit orders).
Time Conditions: Orders valid for a specific period, like day or good-till-cancelled.
Order Matching: Based on price-time priority for fair execution.
Best Price Priority: Orders with the best price are matched first.
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