Order Types:

• Study Following Order - An order that follows a corresponding study value when placed on the DOM. A Study Following Order is a day limit, stop, stop limit, DOM-triggered stop, DOM-triggered stop limit, iceberg, OCO, or bracket order. Customers can place an order at the value or as an offset, and the system automatically modifies the order price based on that study, even when partially filled.
• Algorithmic - An order you can create using the Algorithmic Order Builder. Based on specific trading strategies, CQG allows you to create the order types using the CQG API, and then place orders using these types in CQG IC.
• Market - An order to buy or sell a given contract as soon as possible at the next available price.
• Limit - An order that puts a limit on the price at which a trader will buy or sell. A buy limit order is placed below the current price; a sell limit order is placed above the current price.
• Stop - An order to buy or sell a given contract when a designated price is reached. A buy stop order becomes a market order if the market trades at or above the stop price. A sell stop order becomes a market order if the market trades at or below the stop price.
• Stop Limit - An order that when the stop price is hit, becomes a limit order.
• Iceberg - A limit day order that has both a total quantity and a display quantity.
• OCO - Order-Cancels-Order. A multi-part order where all other parts are canceled if one part of the order is executed.
• Trailing Stop - The system will automatically move the stop order in the direction of your position.
• Trailing Stop Limit - The system will automatically move the stop limit order in the direction of your position.
• DOM-Triggered Stop - The order is triggered when the bid/ask order size in the exchange’s order book falls below the QTS order's trigger level.
• DOM-Triggered Stop Limit - The limit order is triggered when the bid/ask order size in the exchange’s order book falls below the QTS order's trigger level.
• Bracket - The profit target order and stop loss order OCO are triggered when an order is filled.

Order Durations:

• Day- An order that can only be executed during the current session. At the close of the session, the order is cancelled.
• FAK - Fill And Kill. An order where the order is executed up to the quantity of contracts available at the order limit price and any amount unfilled is cancelled.
• FOK - Fill Or Kill. An order where all of the entire quantity has to be filled or the order is cancelled.
• Iceberg Order - The order displays a predetermined portion of the entire order in the order book.