Limit order

A limit order is an instruction to trade only at a specified price or better. It rests in the order book until it is filled, cancelled or expires, and while resting it is visible to other participants.

market microstructure · updated 2026-11-06

See also

• Market order — A market order is an instruction to trade immediately at whatever prices are available, consuming resting liquidity until it is fi…
• Resting order — A resting order is a limit order sitting unexecuted in the order book, visible to other participants and available to be traded ag…
• Order book — The order book is the live list of all outstanding buy and sell orders for an instrument, arranged by price, that a trading venue …

Terms that refer here

Market order · Order book · Resting order

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