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Quantitative Finance · Glossary

What is Post-only order?

Definition 15.6 Markets III: Commodities, Energy and Crypto · Chapter 15 — Centralised Exchanges

A post-only order is a limit order that the venue accepts only if it would rest on the book; if it would execute at once against a resting order, the venue rejects it (or, on some venues, reprices it one tick away) instead of filling it as a taker.

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