Order Execution
Introduction
Order execution is the process of accepting and completing an order. System has two ways of execution:
Manual - manager have to enter details and submit order from the System
Automated - System submits order automatically
Manual execution is actual for all orders except:
Buy and Sell orders on DMA (automatic execution based on execution reports)
Blocking orders (they executes automatically after order creation)
Fee order created from the Fee calculation process (executes automatically when success or management fee amount is approved and sent to the Client)
Order Execution Form
Execution form depends on order type however general logic is the same for all orders.
On the image below see the form blocks and description
1 | Order stages and main information |
2 | Panel to Cancel or Duplicate current order |
3 | Counterparty details & trade details |
4 | Trade details |
5 | Mifir reportable information |
6 | Table with executed transactions |
Execution process
Order execution is available for its assignee and initiator. To execute Order pick up Order first (action 1) and take it to work (action 2) - execution form will be opened.
