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Peg Order


An order (market order) in which the price changes dynamically with the market until a set condition is met (or a bunch of conditions are met), including completion of the order duration, filling, or the limit price specified by the trader is reached. However, if the price to which the order is pegged is not available, the order will automatically be rejected.

Peg orders are classified as primary peg orders and market peg orders (reverse peg orders).


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