Market order

To place a market order:

1. Select a symbol.

2. Set the order volume. If the order volume is less than or greater than the minimum/maximum allowable trade amount, the trade buttons become inactive. Hover over the field to see the range of possible volume values, trade step and commission.
At the bottom of the tab is the Available Balance of asset X and asset Y. If the account balance is insufficient for placing the order, these fields are highlighted in red.

3. Click Buy or Sell to place an order at the current market price. The Sell button displays the best current Bid price, and the Buy button shows the best current Ask price. The current Spread is indicated in the middle. If the price goes up, the trade button turns green  and the up arrow  is shown. If the price goes down, the button turns orange  and the down arrow  appears. This helps you to quickly react to market changes.
As the result of order execution, the values of balances expressed in assets X and Y change. The values of assets on the account are recalculated after each exchange transaction.

The value-weighted average price (VWAP) is indicative. The actual price for closing and opening the trade may differ from prices shown in the Depth of Market (Level2).

• VWAP off: The SELL/BUY buttons show the best current prices on the market.
  
• VWAP on: The SELL/BUY buttons show the best prices depending on your Order volume. 

Limit order

To place a Limit order:

1. Select a symbol.

2. Set the order volume. If the order volume is less than or greater than the minimum/maximum allowable trade amount, the Place Limit button becomes inactive. Hover over the field to see the range of possible volume values, trade step and commission.

At the bottom of the tab are the locked volume (Order Locked) and Available Balance of asset Y.

• Order Locked: Asset Y volume locked for ensuring the order execution.
  
• Available Balance: Available balance of asset Y. If account balance is insufficient for placing the order, this field is highlighted in red.
  

3. Select the order side: Buy or Sell.

4. At Price: Indicate the price at which you want the order to be activated. Hover over the field to see the range of possible price values and the price step.

5. The following options affect the order volume visible in the Market Depth:

• Hidden: Select this check box if you do not want to show the order in the Market Depth.
  
• Iceberg: Select this check box if you want to show only a portion of the order volume in the Market Depth. In the Volume X Visible box, enter the volume that you want to display in the Market Depth. The remaining volume is hidden.
  

This setting allows you to hide your intentions from other market participants.

6. Set the order execution type:

• GTD (Good Till Date): The order is valid until the specified date and time unless it has been filled or canceled. You can specify the date and time of order expiration using the date picker .
  
• GTC (Good Till Canceled): The order is valid until you cancel it unless it has been successfully filled.
  
• IOC (Immediate or Cancel): The order is immediately executed, and any portion of the order that cannot be filled immediately is canceled.
  

7. Add your comment to the order in the Comment field (optional).

8. Click Place Limit to place the order.

The Limit order is added to the Level2 quotes (except IOC Limit and Limit with hidden volume orders). 

Stop order

To place a Stop order:

1. Select a symbol.

2. Set the order volume. If the order volume is less than or greater than the minimum/maximum allowable trade amount, the Place Stop button becomes inactive. Hover over the field to see the range of possible volume values, trade step and commission.

At the bottom of the tab are the locked volume (Order Locked) and Available Balance of asset Y.

• Order Locked: Asset Y volume locked for ensuring the order execution.
  
• Available Balance: Available balance of asset Y. If account balance is insufficient for placing the order, this field is highlighted in red.
  

3. Select the order side: Buy or Sell.

4. At Price: Indicate the price at which you want the order to be activated. Hover over the field to see the range of possible price values and the price step.

5. Set the order execution type:

• GTD (Good Till Date): The order is valid until the specified date and time unless it has been filled or canceled. You can specify the date and time of order expiration using the date picker .
  
• GTC (Good Till Canceled): The order is valid until you cancel it unless it has been successfully filled.
  

6. Add your comment to the order in the Comment field (optional).

7. Click Place Stop to place the order. 

Stop Limit order

To place a Stop Limit order:

1. Select a symbol.

2. Set the order volume. If the order volume is less than or greater than the minimum/maximum allowable trade amount, the Place Stop Limit button becomes inactive. Hover over the field to see the range of possible volume values, trade step and commission.

At the bottom of the tab are the locked volume (Order Locked) and Available Balance of asset Y.

• Order Locked: Asset Y volume locked for ensuring the order execution.
  
• Available Balance: Available balance of asset Y. If account balance is insufficient for placing the order, this field is highlighted in red.
  

3. Select the order side: Buy or Sell.

4. Set the Stop and Limit prices. Hover over the fields to see the range of possible price values and the price step.

• Stop Price: The Stop Limit order is activated at the Stop price. After the Stop order is activated at the Stop price, a new Limit order with a new ID is created.
  
• Limit Price: Activation price of the Limit order.
  

5. The following options affect the volume of Limit order visible in the Market Depth:

• Hidden: Select this check box if you do not want to show the order in the Market Depth.
  
• Iceberg: Select this check box if you want to show only a portion of the order volume in the Market Depth. In the Volume X Visible box, enter the volume that you want to display in the Market Depth. The remaining volume is hidden.
  

This setting allows you to hide your intentions from other market participants.

6. Set the order execution type:

• GTD (Good Till Date): The order is valid until the specified date and time unless it has been filled or canceled. You can specify the date and time of order expiration using the date picker .
  
• GTC (Good Till Canceled): The order is valid until you cancel it unless it has been successfully filled.
  
• IOC (Immediate or Cancel): The order is immediately executed, and any portion of the order that cannot be filled immediately is canceled.
  

7. Add your comment to the order in the Comment field (optional).

8. Click Place Stop Limit to place the order.

The Limit order is added to the Level2 quotes (except IOC Limit and Limit with hidden volume orders).

Depth of Market section

The Depth of Market (Level2) section at the bottom of the New Order window lets you observe the best Bid and Ask prices with the corresponding volumes and place pending orders. 

You can add a histogram of pricing data to the Level 2 section (Tools > Options > Trade tab > Histogram Type).

• None: The histogram is not displayed.
  
• Non-aggregated: The histogram shows non-aggregated data.
  
• Aggregated: The histogram shows the aggregated data on the volume and price.
  

* Price bands are colored green when the difference between prices’ high-order digits is 1 or greater, e.g. the first best Bid price displayed is 2440.000 and the second best Bid price is 2439.999 so the second best Bid price band is colored green.

Price precision affects how price levels are displayed in Level 2.

 Decrease price precision: Prices that do not differ by the last digit are summed up by the weighted average formula and form one price and one total volume in Level 2. If you click this button once again, subsequent decimal places will be taken into account in the calculation.

 Increase price precision: Opposite setting, which increases price precision in Level 2.

At the bottom of the section, you can see the total available Bid and Ask volumes, and the VWAP Bid and Ask prices.
To see the average price and total volume for multiple rows in Level 2, select the rows by right-clicking them. Then point to the rows to see a tooltip showing the average price and total volume for Bid and Ask.

Place pending orders

To place a pending order in the Level 2 section, double-click the price level.

• Market and Limit tabs: To place a Buy Limit order, double-click the Bid price level. To place a Sell Limit order, double-click the Ask price level.
  
• Stop tab: To place a Buy Stop order, double-click the Ask price level. To place a Sell Stop order, double-click the Bid price level.
  
• Stop Limit tab: To place a Buy Stop Limit order, double-click the Ask price level. To place a Sell Stop Limit order, double-click the Bid price level.
  

Pending orders are marked with a green star  next to the corresponding price level. Double-click  to open the Order Modification window.