Question
What is a "Limit" order?
Answer
Limit orders are used when the user only wants to execute at a certain price or better. However, the order is not guaranteed to execute. Note that limit orders placed through the best available price in the book will execute at the best available price. E.g. Market has an 11 offer available. If customer enters bid with limit of 15, the order will generally execute at 11, not 15.