Executes immediately at the best available prices until the full size is filled. If the order is larger than the entire book, or the matching price exceeds the price limit, the remaining quantity is canceled.
All-or-nothing. If the entire order can be filled at the specified price, it executes in full. Otherwise the entire order is canceled with no partial fill.
Guarantees you are the maker. If the order would match immediately upon placement (making you a taker), it is canceled instead. Use this to ensure you only pay maker fees.
Can only decrease an existing position. It will not open a new position or increase your current one. Useful for closing out a position without risk of accidentally flipping direction.