The stock quotes displayed in SMPTrader are delayed prices. Clients can view live stock prices by completing a subscription agreement with the relevant exchange. There are fees involved; please contact your Account Manager for more information.
Stock orders can be placed directly in SMPTrader.
Market orders are orders to buy or sell a stock as soon as possible at the price obtainable on the market. When the stock market is open, it typically takes from a few seconds to a few minutes to execute your order.
Limit orders are orders to buy or sell when the market price breaches a specified level. They can be used to open and close positions. For example, a limit order can be used to close an open long position by selling the instrument when the price breaches a specified price level, thereby taking a profit.
