Order Types

The following order types are available on Pacifica:

  • Market: An order that executes immediately at the best available market prices. Typically used in order to immediately enter or exit a position.

  • Limit: An order that specifies the price at which it will be executed. Limit orders can remain active based on different time-in-force settings (GTC, IOC, or ALO). Typically used when execution price matters more than being filled immediately

  • Stop Market: A market order that is placed when a price condition is met. Typically used to take profit or limit losses.

  • Stop Limit: A limit order that is placed when a price condition is met.

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