How does time in force affect cryptocurrency order execution?

1 answers

• Cod AccountsOct 25, 2022 · 3 years ago
  The time in force parameter plays a crucial role in cryptocurrency order execution. Different time in force options offer varying levels of control and flexibility. Immediate or Cancel (IOC) orders prioritize immediate execution and any unfilled portion is cancelled. Good 'Til Cancelled (GTC) orders remain active until they are manually cancelled or filled. Fill or Kill (FOK) orders require the entire order to be executed immediately, otherwise, the order is cancelled. It's important to understand the implications of each time in force option and choose the one that aligns with your trading strategy and objectives. Keep in mind that the choice of time in force can significantly impact the execution speed and efficiency of your cryptocurrency orders.
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