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Supported Order Types

SFE Gateway Supported Order Types

The following table lists the various order types that a user can submit over the SFE Gateway.

Supported Order Types

Support

Order Types

Native (Exchange supports)

Limit

Good Till Day (GTD)

Good Till Date (GTDate)

Good Till Cancel (GTC)

Market Limit (MLM)

Market To Limit (MTL)

Immediate Or Cancel (IOC)

Block Orders

Fill or Kill

Synthetic (TT Gateway supports)

SFE Gateway supports User Defined Combination (UDC) orders.

Notes:
Limit Requires the user to enter an order with a volume and limit price specified. Note: The limit price can be priced aggressively to cross the spread at any price within the allowed user defined Trading Protection Limits (TPL) or (Anomalous Order Threshold) (AOT) limits. The Limit order type behaves as a sweep order type and will fill level by level adhering to the limit price.
Market-to-Limit Requires the user to enter an order with volume but without a price. Where there is volume on the opposing side of the order book, the order will fill immediately at the touch price, any remaining volume on the order will rest passively at the executed limit price in order book.
Fill Or Kill (FOK) There is no longer a 20 second wait to execute the order.  The order is filled immediately if the order can be fully filled, or if not, the order is cancelled.   Can be applied to both “Limit” and “Market-To-Limit” order types. In the absence of a TIF condition being specified, the order is defaulted to GFD (or GTD).
IOC Order fills against available quantity and any remaining unfilled volume is subsequently cancelled. Can be applied to both “Limit” and “Market-To-Limit” order types. In the absence of a TIF condition being specified, the order is defaulted to GFD (or GTD).
Good til Date Order remains in the order book until a specified date.
  • You cannot Good til Date a Spread, UDC, Pack, Bundle or Strip
Can be applied to both “Limit” and “Market-To-Limit” order types. In the absence of a TIF condition being specified, the order is defaulted to GFD (or GTD).
Good til Time The SFE Gateway does not support Good til Time. (Order remains in the order book until a specified time in the current session)
GTD &  GTC The SFE Gateway continues to support:
  • GTD: Order remains in the order book until a specified time in the current session
  • GTC: Order remains live until contract expiry.
    • You cannot GTC a Spread, UDC, Pack, Bundle or Strip
Can be applied to both “Limit” and “Market-To-Limit” order types. In the absence of a TIF condition being specified, the order is defaulted to GFD (or GTD). 
User Defined Combinations (replaces Custom Market orders)
  • There are two types of UDCs: Net Price and Fixed Leg Price.
  • RFQ not needed unless it is a pre-negotiated order
  • UDCs cannot be created where there exists an Exchange Defined Strategy
  • At the end of each trading session all UDCs are deleted.
  • A RFQ is generated automatically when a UDC is created. Traders need to wait 30 seconds from the creation of the strategy before they cross orders on screen.
  • If a UDC is created in the morning, it is fine to sit there all day before orders are crossed in it – a further RFQ is not required.
  • Only Good Till Day Limit orders are valid.
Entering a single-side order on a UDC is able to be done immediately, as the RFQ is generated automatically when a UDC is created.
Market Limit Market Limit orders are not supported on Inter-Product spreads.