R StocksTrader

1. Order Types and Definitions used in the Platform

   Market Order
   Buy or sell order at a current market price. Best execution price guaranteed by execution venue. The Requested Order price is not guaranteed.

   Buy Limit Order
   Pending order to buy below the current market price. Trigger condition: the current Ask price is less or equal to declared order price. The Requested Order price is guaranteed. The Execution price is better or equal to the Declared Price.

   Buy Stop Order
   Pending order to buy above the current market price. Trigger condition for FX/ Indices: current ask price is greater or equal to declared order price. Trigger condition for Stocks: last price is greater or equal to declared order price. Requested Order price is not guaranteed.

   Sell Limit Order
   Pending order to sell above the current market price. Trigger condition: the current Bid price is higher or equal to declared order price. The Requested Order price is guaranteed. The Execution price is better or equal to the Declared Price.

   Sell Stop Order
   Pending order to sell below the current market price. Trigger condition for FX/ Indices: current bid is less or equal to declared order price. Trigger condition for Stocks: last price is less or equal to declared order price. Requested Order price is not guaranteed.

   Expiration Time Availability (Buy Limit, Buy Stop, Sell Limit, Sell Stop):

   Good Till Cancelled - Order will be valid immediately after setting until cancelled.
   Day Order - Order will remain until the end of trading day, in which case it will be cancelled if not triggered.
   End of Week - Order will be valid till the end of the week, which is Friday.
   End of Month - Order will be valid till the last Business day of the month.
   Select Date and Time - Personal Preference of chosen validity.

   Stop Loss Order
   Stop order to close a deal. Trigger condition for FX/ Indices: current bid (for BUY deals) or current ask (for SELL deals) reaches the Stop Loss level. Trigger condition for Stocks: last price reaches the Stop Loss level. Requested Order price is not guaranteed.

   Trailing Stop
   Trailing Stop is a kind of dynamic Stop Loss that follows the price. When you set Trailing Stop, you specify the number of pips between the current price and Trailing Stop. If the market moves your way, Trailing Stop will follow the price and will get triggered only once the price reverts and moves the number of pips specified. The current price value depends on the instrument type:

   Stocks: "Last price"
   Other instruments (long positions): "Bid price"
   Other instruments (short positions): "Ask price"

   Take Profit Order
   Limit order to close a deal. Trigger condition: current bid (for BUY deals) or current ask (for SELL deals) reaches the Take Profit level. Requested Order price is guaranteed. Execution price is equal or better then declared in Take Profit.

   Stop Out Order
   Stop order to close a deal. Trigger condition: Margin level is less or equal to Stop Out Level.

   Definitions

   Order Type - Market, Limit, Stop, Stop Loss, Take Profit, Stop Out.
   Order Status - Active, in execution (filling), filled, cancelled, rejected.
   Declared Order Price – the order price before the order triggered for execution.
   Filled Order price – the order price after the order has been filled.
   Last price – the price of the last executed transaction on the execution venue. Stock instruments indicate the last price on the financial chart.
   Deal – the result of an executed order. Any filled order opens or closes a deal.
   Deal status – open, closing, closed, trade.

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2. Which Execution Rules for Stocks exist in the platform?

   1. Stop or Limit orders become active once created. Only active orders can be updated/canceled during open trading hours. All active orders can be found in "Active Orders" tab of account summary in the client’s trading platform.

   2. Any order, satisfying one of the conditions below, changes the status to "Filling"

      2.1 Market order submitted;
      2.2 Stop Loss, Take Profit, Stop Out orders once created;
      2.3 Stop, Limit order declared price triggered.

   3. All orders with the status "Filling" can be found in Active Orders tab of account summary in the client’s trading platform until status changed by the system to "filled" or "rejected".

   4. All orders with the status "Filling" automatically cancelled by the system at the end of every day.

   5. When an order is executed, a related Deal is opened or closed at the Filled order price and the order status is changed to "filled".

   6. When an order is canceled by the user or rejected by the system, the status of the order is changed to "canceled" or "rejected" accordingly.

   7. All "filled", "cancelled" and "rejected" orders can be found in the Trade Blotter tab in the account summary in the client’s trading platform.

   8. All orders are executed only during the instruments trading hours. Order management after and before trading sessions: place and modify Take Profit, Stop Loss, Limit, and Stop even when the market is closed. They will be executed after the trading session starts.

   9. Commission generated by a Filled order increases the related deals commission every time when the deal is opened and closed.

   10. In case the Account Margin Level is less or equal to the Stop Out Level, the system sends a Stop Out order(s) to close all opened deals. In the case a Stop Out order is cancelled by the execution venue and the Account Margin Level is still less or equal to Stop Out level, the system sends Stop Out order(s) again.

   11. Stop Loss, Take Profit, Stop Out or Market orders that close a deal with the status "Filling" change the related deal status to "closing". When the related order is "filled", the deal becomes "closed". In case the related order is rejected, the deal becomes "open" again.

   12. All "open", "closing" and "closed" deals are indicated in the Positions tab of account summary in the client’s trading platform.

   13. At the end of the day based on server time, all closed deals are converted into account currency and become trades in the client’s trading platform.

   14. All trades along with balance transactions (Deposit/Withdraw) and cash dividends in the case of Stock trading can be found in History tab of account summary in the client’s trading platform.

   15. RoboMarkets relies on third-party execution venues for pricing and available volumes, therefore execution of the client’s orders will depend on the pricing and availability of liquidity at the execution venues. Although RoboMarkets executes all orders placed by the clients, it reserves the right to decline an order of any type or order could be declined by the execution venue.

   16. Orders sent near the opening of trading time: Please note that markets can be especially volatile near the opening of a trading session, with prices and available volume often changing rapidly and data feeds from various markets potentially being slow or temporarily unavailable. RoboMarkets cannot guarantee that orders sent near the opening of trading necessarily will receive the best posted price. You may want to consider the use of limit orders at the opening, although market orders should be used if you want a higher certainty of getting a fill. In case Take Profit or Stop Loss orders are rejected, Take Profit and Stop Loss levels are removed.

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