How to Place an Order

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.

Logging in to the trading application

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.