Orders, just like people, go through many different phases. Let's explore these phases and find out what it takes to take an order from you submitting it on Bloom, to being executed.
Even though buying or selling a stock is as easy as just pressing a button on Bloom, there’s a lot of stuff that happens behind the scenes to actually “fill” your order, or execute it 🖥️
Once you’ve submitted an order on Bloom, it becomes “Accepted”, which means your broker acknowledged that you made the order but hasn’t sent it into the stock market yet 💬
An order becomes "Open" once it's in the market but hasn't been executed.
It's waiting for a match with a buyer or seller 🕒
A "Partially Filled" order happens when only some of your order finds a match at your specified price 🍕
For example, if you want to buy 100 shares, but only 50 shares are available at your price, the order is partially filled.
The remaining 50 shares are still waiting for matching shares 🔍
When an order is "Filled," it means the entire order has been executed, or completed. All the shares you wanted to buy or sell have found a match ✔️
If you decide to withdraw your order before it's fully executed, it's considered "Canceled." This can happen anytime before the order is filled 🚫
Try to remember these different phases of an order as you look at order detail pages on Bloom and continue your investing journey 🛤️