~/topic/11113/faq-on-fix-protocol_-limit-orders-when-working-through-fix-protocol_/ Copyright @ StockSharp Platform LLC 2010 - 2025 2026-06-25T21:39:59Z https://stocksharp.com/images/logo.png https://stocksharp.com/posts/m/48737/ 2019-10-21T13:10:12Z 2019-10-21T13:10:12Z Marat https://stocksharp.com/users/101940/ info@stocksharp.com <p>As mentioned earlier, an<strong>important advantage</strong> of working through <strong>FIX Protocol</strong> is the ability to use limit orders <em>FOK ('Fill or Kill')</em> and <em>IOC ('Immediate Or Cancel')</em>. Their advantage over simple market orders is the absence of <strong>price slippage</strong>. In fact, for arbitrage strategies, such as <a href="https://stocksharp.com/robot/">&quot;Edward-Scissorhands&quot;</a> from <a href="https://stocksharp.com">StockSharp</a>, this means almost <strong>zero risk</strong>. Consider how the orders <em>FOK</em> and <em>IOC</em> FIX Protocol on the example of comparing them with conventional orders. Before making a trade, the trader has the opportunity to <strong>sell or buy</strong> the selected asset using a limit or market order. The option chosen by the trader determines the level of control over the execution price.<br /> Thus, a market order determines its execution in the shortest possible time and at the best available price. [smile] For example, if you buy 100 units on a market order, the order will be executed entirely at the price that is available on the market. Accordingly, 50 units can be conditionally at a favorable price, and the rest at a price less favorable or completely unprofitable, in other words, the order will be executed at several different prices. At the same time, we have a situation with a large slippage. [laugh]</p> <p><img src="/file/109877/fix_connector_limith_order.jpg" alt="fix_connector_limith_order.jpg" /></p> <p>FIX Protocol allows the trader to set his own execution price, so it will be executed at the specified price or higher. This is the use of a limit order. For example, if a trader placed a limit order to sell an asset and set a strike price of <span class="math">\(100, the order will not be executed until the price for the placed asset is equal to or above the set limit of\)</span> 100.[nerd]</p> <p><img src="/file/109876/fix_protocol_limith_order.jpg" alt="fix_protocol_limith_order.jpg" /></p> <p>For this reason, <strong>we recommend using</strong> the FIX Protocol connection, and provide the opportunity to purchase connection connectors or develop connectors individually. The full range of our products can be found <a href="https://stocksharp.com/products/pricing/">here</a>.</p> Copyright @ StockSharp Platform LLC 2010 - 2025