In a nutshell
Order Type is the method by which you buy or sell shares on the Zanlo platform.
The order type determines execution conditions. The platform always strives to execute orders at the best available price if the market allows.
How Orders Are Executed on Zanlo
The key platform principle:
Zanlo Prediction Market always tries to execute orders at the best available price. If a better price than specified by the user is available, the order will be executed at that price.
This means:
• for purchases — cheaper, if such an offer exists;
• for sales — more expensive, if the market is willing to buy at a higher price.
The specified price is a threshold or guideline, not a fixed execution price.
Main Order Types
The platform offers two main order types:
• Market Order — execution at market offering
• Limit Order — execution with specified price threshold
Market Order
Market Order is used when it's important to execute an action quickly, without waiting and without setting a price threshold.
On Zanlo, Market Order is available in several modes.
Market Quantity
Used when you want to buy or sell a fixed quantity of shares.
How it works:
• you specify the quantity (qty) of shares;
• the system selects market offerings;
• the order is executed at the best available price;
• if a better price is available, it will be used.
Suitable if:
• exact share quantity is important to you;
• speed is more important than precise price level.
Market Max Investment
Used when you want to buy shares for a fixed amount.
How it works:
• you specify the maximum amount;
• the system buys shares at available market offerings;
• if the entire amount cannot be used, unused funds are returned to balance;
• final share quantity depends on market price at execution time.
Suitable if:
• you want to control the amount, not share quantity;
• exact quantity is not critical.
Market Sell
Used when you want to quickly sell shares at market offering.
How it works:
• you specify the share quantity for sale;
• the system selects the best available buy offers;
• the sale may be executed at a price higher than the last displayed value, if the market allows.
For more details on selling, see Sell.
Limit Order
Limit Order allows you to set a price threshold that limits execution conditions.
How it works:
• for purchases, you set a maximum price;
• for sales — a minimum price;
• if the market offers a better price, the order will be executed at it.
Additional Limit Order Parameters
• Auto Cancel (AC) — automatic order cancellation
• Take Profit / Stop Loss — automatic rules after purchase
For more details, see TP / SL.
Order Statuses
• Bought— order executed
• Buying— order awaiting execution
• Selling— shares being sold
• Sold— shares sold
• Cancelled — order cancelled
Statuses are displayed in the Event card and in Portfolio.
Important to Remember
• Price in an order is a threshold, not an execution guarantee.
• An order may be executed at a better price.
• Market Order does not guarantee use of the entire amount or instant execution.
• Zanlo Prediction Market does not interfere in the market and does not worsen transaction terms.