When submitting a buy or sell order, there are four types of trades:

  1. Buy Now (Market Order): Your order is executed at the best price available relative to the current sell orders in the Order Book. The price will be calculated for you; this is the "average price" at which your order will be executed.

  2. Sell Now (Market Order): Your order is executed at the best price available relative to the current buy orders in the Order Book. The price will be calculated for you; this is the "average price" at which your order will be executed.

  3. Submit Bid (Buy Limit Order): Your order is executed at that maximum price that you're willing to pay or less, which you provide. This means that the order may not fill immediately, but rather if and when the market reaches the price you set.

  4. Submit Ask (Sell Limit Order) : Your order is executed at the minimum price you're willing to sell, or more. This means that the order may not fill immediately, but rather if and when the market reaches the price you set.

If you have any questions about how Otis works or your Otis account, please don't hesitate to give our support team a shout on the app or via email at [email protected].

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