How does Quick Trade work?

The Quick Trade ticket allows the user to enter trades based on the prevailing market conditions.

"Lift Offer" is to enter an immediate-or-cancel BUY limit order at a price level equivalent to the prevailing best offer price.

"Place Bid" is to enter a post-only BUY limit order at a price level equivalent to the prevailing best bid price.

"Hit Bid" is to enter an immediate-or-cancel SELL limit order at a price level equivalent to the prevailing best bid price.

"Place Offer" is to enter a post-only SELL limit order at a price level equivalent to the prevailing best offer price.

In the Expanded layout, orders can be further customized to be 1 tick or 5 ticks away from the prevailing best bid or offer price.