Placing an order on MERJ Exchange is a straightforward process that allows you to buy or sell securities efficiently. Follow these steps to execute your trade using the visuals as a guide.
Access the Trading Interface
- Log in to the Trading Application.
- Select the security you wish to trade.
Choose Order Type
- Click New Order and select the Order Type:
- Market Order: Executes immediately at the best available price.
- Limit Order: Executes at a specified price or better.
- Stop Order: Becomes a market order once the trigger price is reached.
Set Order Details
- Enter the Quantity of the security.
- Specify the Price (if placing a Limit Order).
- Choose Order Duration:
- Fill or Kill (FOK): Must be executed in full immediately or canceled.
- Immediate or Cancel (IOC): Executes as much as possible immediately and cancels the rest.
- Good Until Date (GTD): Active until a specified date/time.
- Good Until Cancelled (GTC): Remains active until manually canceled.
Review and Confirm Order
- Double-check the order details and applicable commissions.
- Click “Buy”/”Sell”: To initiate a trade, decide whether you want to **buy** or **sell**:
- Click on the **Buy** button if you intend to purchase the instrument.
- Click on the **Sell** button if you plan to sell your holdings in the selected instrument.
Monitor Your Order
- Navigate to Orders to track open and executed orders.
