Order Types
Chi-X Europe offers the following order types:
Visible order types
- Limit order
- Market peg
- Iceberg order
- Mid peg order
- Primary peg order
Non-displayed order types in the visible book*
- Hidden limit order
- Hidden market peg order
- Hidden mid peg order
- Hidden primary peg order
Chi-Delta non-displayed book
- Hidden mid peg order
- Hidden IOC order
- Hidden FOK order
* Non-displayed orders for most securities must meet large in scale requirements as defined by MiFID. Large in scale values can be found at this Chi-X Europe Exchange Guide within the Document Library.
Time in Force options
The following time in force values are available for order types across both the central limit order book and the non-displayed order book.
- Day orders
- Orders are valid for the entire day.
- Good till date
- Good till date Used for setting intraday expiration times (orders are only valid for one day).
- Execute and Eliminate (IOC)
- An order submitted to the Chi-X Europe platform with a specified size and, optionally, a specified limit price which executes, in full or in part. Any unexecuted portion of this order will be automatically cancelled.
- Fill or Kill
- An order submitted to the Chi-X Europe platform with a specified size and, optionally, a specified limit price that executes in full against eligible orders or is automatically cancelled in its entirety.
Note: all orders are automatically cancelled at the end of each trading day, in both books, regardless of the order type or time in force.