handelsordre

A handelsordre is an instruction given by an investor or trader to a broker or trading system to buy or sell a financial instrument, such as stocks, bonds, or futures. The order specifies the asset, the quantity, and the conditions for execution, as well as routing preferences and, in many cases, a time frame. Once submitted, the order is routed to the appropriate market venue where it is matched with counterparties or liquidity providers and executed when the conditions are met.

Common types include market orders (execute immediately at the best available price), limit orders (execute only at or better than a specified price), stop orders (triggered when the price reaches a threshold, often used to limit losses or protect profits), stop-limit orders (a stop activation followed by a limit price). There are also conditional and discretionary orders, and time-in-force designations such as day orders and good-till-cancelled (GTC).

After execution, the trade enters clearance and settlement, typically involving transfer of cash and securities between counterparties, facilitated by clearinghouses and custodians. In many markets, orders can be partially filled if only a portion of the quantity is available at the requested price.

Trading orders carry risks such as slippage, where the fill price differs from the expected, market impact for large orders, and liquidity constraints. Regulators require brokers to strive for best execution and to provide transparent handling of order routing and fees.

In everyday use, a handelsordre represents the core instruction behind a trade and supports a wide range of investment strategies, from quick intraday trading to long-term asset management.