Order Types / Strategies

Aquanow's available trading strategies

If an unauthorized error is returned when using an order type, contact Aquanow's support to enable it.

Order Type
Description
Applicable Fields

RFQ

Two-stage: Request for quote and confirmation. 

8 second execution window by default.

  • Receive / Deliver Quantity

  • UsernameRef (optional) - user provided reference

Market

Immediate execution.

Users will be prompted to confirm orders prior to execution.

  • Receive / Deliver Quantity

  • UsernameRef (optional) - user provided reference

Limit

Instruction to buy/sell up to/down to a set price.

User sets price parameters.

Limit stays open for 24 hours.

  • Limit Price

  • Receive / Deliver Quantity

  • UsernameRef (optional) - user provided reference

GTC/GTD

"Good-Till-Cancel" / "Good-Till-Date" limit orders.

Set to expire at a specific user entered date or at max after 90 days.

  • Limit Price

  • Receive / Deliver Quantity

  • UsernameRef (optional) - user provided reference

  • Expiration Time (Required for GTD)

TWAP

Time-Weighted Average Price (TWAP) is used when buying or selling large amounts of digital assets over time, with the ability to choose the amount being bought/sold and its time period.

  • Limit price

  • Quantity of currency

  • Total (price x quantity)

  • Duration (in min)

  • UsernameRef (optional) - user provided reference