Float limit

The float limit, which is represented by a lock icon , allows you to execute a limit order at the current bid or ask price without having to manually modify the limit price in the limit price field.



Click or tap the  lock. When you turn it on to follow the bid price  or ask price , the limit price automatically updates with real-time level 1 data. 

You need to subscribe to an enhanced or advanced market data package to use float limit to update the price in real time. When float limit is turned on:

  • Select Follow ask price when you want to buy
  • Select Follow bid price when you want to sell

Example: if you have Follow ask price turned on and you are entering a limit buy order and the ask price decreases from $61 to $60, the limit price field will change automatically to $60. Similarly, if you have Follow bid price turned on and you are entering a limit sell order and the bid price increases from $61 to $62, the limit price field will change automatically to display $62. 

You can click or tap the float limit lock icon at any time to unlock  the limit price and stop the limit price field from following real-time market data. Once unlocked, the field displays the last value obtained from real-time streaming data. You can then manually modify the limit price before sending the order.

Tip: you can also click within the limit price field or use the plus or minus icons next to the limit price field to unlock the float limit lock icon  and enter a new price in the limit price field.
If real-time level 1 data is unavailable, the float limit lock icon appears unlocked and the button is disabled. The limit price field will also be blank.
Note: the float limit function is not available for market, stop, trailing-stop or trailing-stop limit orders.
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