Order types
Market — executes immediately at the best available price. Use when speed matters more than price.
Limit — executes only at your limit price or better. Use when price matters more than speed.
Stop — becomes a market order once the stop price is reached. Commonly used to limit losses.
Stop-limit — becomes a limit order once the stop price is reached, giving you price protection after the trigger.
Trailing stop — a stop that follows the price by a set amount or percentage, locking in gains as the market moves.
Smart routing
Meridian's router evaluates exchanges and liquidity venues in real time and sends each order where it's most likely to receive the best price. We publish execution quality statistics quarterly.