How does a not held order affect the execution of cryptocurrency trades?

3 answers

• Deepanshu kulshresthaJul 27, 2020 · 5 years ago
  A not held order is a type of order where the trader gives the broker or exchange discretion over the execution price and timing. This means that the broker or exchange has the freedom to execute the order at the most favorable price and time. The advantage of using a not held order is that it allows the trader to potentially get a better execution price than if they had specified a limit or market order. However, the disadvantage is that the trader has less control over the execution and may not get the exact price they were expecting. Overall, a not held order can be a useful tool for traders who prioritize execution speed and are willing to accept some price uncertainty.
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• Marco AndruccioliJan 04, 2024 · 2 years ago
  When you place a not held order for a cryptocurrency trade, you are essentially giving the exchange the authority to execute the trade on your behalf. This means that the exchange has the discretion to determine the best price and timing for the trade. The advantage of using a not held order is that it can potentially result in better execution prices, as the exchange can take advantage of market conditions to get you a more favorable price. However, the downside is that you have less control over the execution and may not get the exact price you were hoping for. It's important to carefully consider the potential advantages and disadvantages before using a not held order for your cryptocurrency trades.
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• Madden LauesenMay 23, 2024 · a year ago
  A not held order can have a significant impact on the execution of cryptocurrency trades. When you place a not held order, you are essentially giving the exchange the authority to execute the trade on your behalf. This means that the exchange has the discretion to determine the best price and timing for the trade. The advantage of using a not held order is that it can potentially result in better execution prices, as the exchange can take advantage of market conditions to get you a more favorable price. However, the downside is that you have less control over the execution and may not get the exact price you were hoping for. It's important to carefully consider the potential advantages and disadvantages before using a not held order for your cryptocurrency trades. At BYDFi, we offer the option to place not held orders to provide our users with flexibility in their trading strategies.
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