Order Example

Reviewing the same material as our Contract Example, we have all the tools needed to submit our order with some additional context available in the Order Ticket, featured on the right.

We are already aware that:

• ForecastEx contracts are always “BUY” orders.
• Event Contracts only support “LMT” as the Order Type.

This leaves us to decide the quantity, limit price, and time-in-force values.

We can set our limit price based on the values shown in the Order Ticket, or base the value on the Bid and Ask Price from our Requested Market Data.

Given the information above, we are able to create a full order ticket.

Action: “BUY”

TotalQuantity: 1000

OrderType: “LMT”

LmtPrice: 0.57

Tif: “DAY”

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order = Order()
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order.action = "BUY"
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order.orderType = "LMT"
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order.totalQuantity = 1000
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order.lmtPrice = 0.57