Common use of Pending Order Clause in Contracts

Pending Order. Pending order is an order to buy or sell a security at a pre-defined price in the future. This type of orders is used for opening of a trade position provided the future quotes reach the predefined level. There are four types of pending orders available in the platform: • Buy Limit – buy provided the future "ASK" price is equal to the predefined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having fallen to a certain level, will increase; • Buy Stop – buy provided the future "ASK" price is equal to the predefined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing; • Sell Limit – sell provided the future "BID" price is equal to the predefined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall; • Sell Stop – sell provided the future "BID" price is equal to the predefined value. The current price level is higher than the value of the placed order.

Pending Order. Pending order is an order to buy or sell a security at a pre-defined price in the future. This type of orders is used for opening of a trade position provided the future quotes reach the predefined pre-defined level. There are four types of pending orders available in the platform: • Buy Limit – buy provided the future "ASK" price is equal to the predefined pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having fallen to a certain level, will increase; • Buy Stop – buy provided the future "ASK" price is equal to the predefined pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing; • Sell Limit – sell provided the future "BID" price is equal to the predefined pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall; • Sell Stop – sell provided the future "BID" price is equal to the predefined pre-defined value. The current price level is higher than the value of the placed order.