Order Types

Pacifica supports various order types, each designed to provide traders with precision, flexibility, and control over trade execution. Choosing the right order type can significantly impact your trading outcomes, ensuring you enter and exit positions according to your strategy and risk tolerance.

Available Order Types on Pacifica

• Market: Market orders execute immediately at the best available market prices, ensuring quick fills at current prices. Pacifica manages market orders with built-in slippage protection.Limit:

• Limit: Limit orders let you specify the exact price (or better) at which you’re willing to buy or sell. Your limit orders can remain active based on different “time-in-force” settings (GTC, IOC, or ALO).

Order Rules & Constraints

In addition to standard order types, Pacifica enforces specific rules to enhance trading efficiency and risk management:

• Self-Trade Prevention: Prevents orders from matching against other orders from the same account.

• Maximum Order Size: Dynamically calculates the maximum size allowed per order based on your available margin, leverage, and open positions.

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Explore the links above to learn more about each order type, including their specific mechanics, examples, and best use cases.

Market

An order that executes immediately at the current market price.

Limit

An order that executes at the selected limit price or better.

• GTC (Good Till Cancelled): Orders remain active until they are either filled or manually cancelled.

• IOC (Immediate Or Cancelled): Any portion of the order that is not immediately matched is cancelled.

• ALO (Add Liquidity Only OR Post Only): Ensures the order is only added as a maker. If the order crosses the spread (i.e., would immediately match), it is cancelled.