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What is the GDAX fill or kill order type and how does it work?

avatarJohn LukichNov 28, 2021 · 3 years ago3 answers

Can you explain what the GDAX fill or kill order type is and how it works? I'm new to trading and would like to understand this concept better.

What is the GDAX fill or kill order type and how does it work?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Sure! The GDAX fill or kill order type is a type of order that is used in trading to ensure that an order is either completely filled or canceled. When you place a fill or kill order on GDAX, it means that if the entire order cannot be filled immediately, it will be canceled. This is useful for traders who want to ensure that their orders are executed quickly and completely.
  • avatarNov 28, 2021 · 3 years ago
    The GDAX fill or kill order type is designed to prevent partial fills. If you place a fill or kill order and only a portion of the order can be filled, the entire order will be canceled. This is different from other order types where partial fills are allowed. Fill or kill orders are commonly used by traders who want to avoid having their orders partially filled and potentially affecting the market.
  • avatarNov 28, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, also offers the fill or kill order type. With BYDFi, fill or kill orders are executed immediately and completely. If the entire order cannot be filled, it will be canceled. This ensures that traders on BYDFi can have their orders executed quickly and without any partial fills. It's a great feature for traders who value speed and completeness in their orders.