What happens to non-executed parts of a normal order?

What happens to non-executed parts of a normal order?

• A. Immediately canceled
• B. Remain in order book until executed, deleted or expiring
• C. Delete after 5 minutes
• D. Move to iceberg

Answer: (B)

When you place a normal order, any portion that isn’t filled right away stays in the market as a resting order at your specified price. It sits in the order book and remains there until it’s fully filled, or you cancel it, or it expires according to its time-in-force. This is how liquidity is provided—the unfilled part stays available for matching as the market moves to your price. It’s not automatically canceled, and it’s not moved to an iceberg unless you use a specific iceberg order type.

When you place a normal order, any portion that isn’t filled right away stays in the market as a resting order at your specified price. It sits in the order book and remains there until it’s fully filled, or you cancel it, or it expires according to its time-in-force. This is how liquidity is provided—the unfilled part stays available for matching as the market moves to your price. It’s not automatically canceled, and it’s not moved to an iceberg unless you use a specific iceberg order type.