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You will now have a chance to check and confirm your order.
Check the
details are correct
When you are satisfied, click on the Buy or Sell button to place your order.
Alternatively, you can cancel your order at this point by clicking ‘cancel’.
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Order matching
The trade may take place immediately if there is a matching counter-order available in the order book. Or it will remain unmatched or ‘unfilled’ waiting for a match to become available.
The order book will have shown you what other people are currently willing to trade at, so you will know if your order can be matched immediately or not.
In the previous example, the bid column showed someone wanting to buy 10 contracts at a price of (E$)48 each. If you wanted to sell 10 contracts and you entered a limit price of /(E$)48 (the lowest price you were willing to accept), your order would be matched or ‘filled’ with this one and your 10 contracts would be sold to this person at (E$)48 each. If, however, you set your price limit at (E$)49, your order would remain unfilled, waiting for someone else to come along and match your price.
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