Special Order Types

Besides the commonly used market, limit and stop orders, there are a number of more specific orders:

Pegged Orders (PEG)

A pegged order is a limit order with a price that will track the best bid or offer. Pegged orders may also make use of offsets from the same side bid (offer) or offsets from the contra side (peg buy offset from offer). The order is displayed in the order book. A pegged order can be placed during the order accumulation phase and during the main trading session.

Stop-on-quote Orders

A stop order that is not triggered by a transaction price but by a liquidity provider (LP) bid or ask quote. This order type is used in the warrants & certificates market. Stop-on-quote orders are available as market and as limit orders.

For detailed information about order types, please review our European Cash Orders Factsheet.