Futures contract
Orders are divided into, in accordance with the designation of a specified price, a limit order where a member executes a trade at a designated price or better price and a market order where a member executes a trade at the best available price without designating a specified price. Orders are also divided into, in accordance with the combination of series, an ordinary order for a single series and a combination order for a combined series which has a condition which the order with multi and different series are executed simultaneously.
The combination order is sub-divided into a standard combination order comprising of the series to be determined by Members. A Member can place orders under the one among the three conditions which are fill or kill, fill and kill, and fill and store.
Type of order |
Fill or Kill |
Fill and Kill |
Fill and Store |
||
---|---|---|---|---|---|
Market Order |
Ordinary order |
Possible |
Possible |
Impossible |
|
Standard Combination order |
Possible |
Possible |
Impossible |
||
Non-Standard Combination order |
Possible |
Impossible |
Impossible |
||
Limit Order |
Ordinary order |
Possible |
Possible |
Possible |
|
Standard Combination order |
Possible |
Possible |
Possible |
||
Non-Standard Combination order |
Possible |
Impossible |
Impossible |
When giving an order to Eugene Investment & Futures, instructions must be in written form (fax or mail) or in e-mail form with an authorized signature. In case of using telephone, we make recordings in order to verify the details relating to transfer transaction. The Information required as follows.
- The type of contract
- The contract month
- Whether the order is for a new sale (purchase) transaction or short-covering (long-liquidation) transaction
- The number of trading units
- The limit of price
- The life of the order
- As for options, you should specify whether it is a put option or a call option, the contract month and the exercise price
Settlement
Once your order is executed, Eugene Investment & Futures will contact you regarding the results of your trade and will deliver to you a transaction report showing the details of concluded transaction.