Active Order

An active order is a type of order placed by an investor to buy or sell a security that is currently live and open for execution in the market. This means the order is not delayed or pending; it is actively being processed and can be filled at any time based on current market conditions. Active orders are typically set with specific parameters, such as a price limit or a time limit, to ensure the trade is executed according to the investor’s strategy.Active orders can include market orders, limit orders, and stop orders.

Example

If an investor places a market order to buy 100 shares of a stock at the current market price, this order becomes active immediately and will be executed as soon as a seller is found.