Order Types
Supported order types on RISEx
Overview
RISEx supports standard order types for precise execution control. All orders execute on a price-time priority (FIFO) orderbook.
Limit Orders
Place an order at a specific price. The order rests on the book until filled or cancelled.
| Parameter | Description |
|---|---|
| Price | The exact price at which you want to buy/sell |
| Size | The quantity to trade |
| Side | Buy (long) or Sell (short) |
Execution
- Maker: If your price doesn't cross the spread, your order adds liquidity
- Taker: If your price crosses the spread, your order takes liquidity immediately
Limit orders can partially fill if there isn't enough liquidity at your price.
Market Orders
Execute immediately at the best available price.
| Parameter | Description |
|---|---|
| Size | The quantity to trade |
| Side | Buy (long) or Sell (short) |
Execution
Market orders take liquidity from the book at the best available prices. Large orders may experience slippage if the order size exceeds available depth at the top of book.
Post-Only Orders
A limit order that's guaranteed to be a maker order. If it would immediately match, it's rejected instead.
Use Case
- Ensure you receive maker fees/rebates
- Avoid unexpected taker fees
- Market making strategies
Reduce-Only Orders
An order that can only reduce your position size, never increase it.
Use Case
- Stop losses that won't accidentally flip your position
- Take profit orders
- Risk management