In order to trigger the automatic placement of secondary orders, the first order must be completely filled.
If the first order is only partially filled, the secondary orders will not be placed.
While limit orders may have partial executions, market orders will only execute in their entirety and can not have partial executions.
Therefore, if the first order is a limit order, the secondary order will fall into one of the following three patterns based on the “Time in Force” chosen when the order was placed.
Good ‘Til Cancelled
These order amount parameters mean that the order will remain valid until it is either filled or cancelled.
If the first order is only partially filled, the order will remain valid for the remaining amount until it either expires or is cancelled by the user.
*The maximum expiration date for orders is 30 days. If not specified otherwise, 30 days will apply.
Immediate or Cancel
These order parameters mean that the order will be fully or partially filled at the designated price or a more profitable one.
The amount that can not be filled is immediately cancelled.
If the first order is only partially filled, the IFD order will be automatically cancelled and the secondary order will not be placed.
Fill or Kill
These order parameters mean that if the order can not be completely filled immediately upon being placed, the whole order is automatically cancelled. In this case, the first order is immediately filled in full or cancelled in full.
The first order can not be partially filled.