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 (see below). 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.

Time-In-Force: All limit orders on Pacifica belong to one of the following TIF options.

• Good-Til-Cancelled (GTC): The order remains active on the orderbook until it is either filled or cancelled.

• Immediate-or-Cancel (IOC): The order attempts to match immediately at the specified price (or better). Any portion of the order that cannot is not filled immediately is cancelled.

• Add-Liquidity-Only (ALO): Also known as “Post Only,” this order is added to the order-book only if it would does not immediately match against an existing order.