Dexalot currently supports two types of orders: Limit and Market orders
- A limit order is an order with a maximum or minimum price to buy or sell at, respectively. These will only be filled if the order book already has a maker order available at the same or better price.
- A market order is an order to buy or sell immediately. It is automatically matched with the best bid or best ask in the order book. These types of orders are guaranteed to be filled. However, a market order may get partial fill and then killed for the remaining amount in the following circumstances.
- A very large market order takes out the entire book and there are no maker orders left.
- A very large market order execution price falls by more than 20% from the very first fill page.