Is the platform a trading marketplace, and how are orders created, sent (API, manual, etc.), and executed? What order types (market, limit, etc.) are supported, and are there any restrictions?
Reluna is not a trading marketplace. Instead, it provides tools for creating and managing trade orders, which are transmitted via FIX API to external executors, such as banks or brokers, for execution.
Users create orders by selecting the asset, specifying the order type (e.g., market or limit), and defining any applicable limits. The system validates orders to ensure sufficient funds or assets are available and may apply additional checks based on platform settings. If FIX API integration with a broker or bank is available, orders are sent directly; otherwise, they are forwarded to a trader for manual handling. Execution feedback is automatically updated in the system for API-based orders or entered manually for others.
The platform supports market and limit BUY/SELL orders, with restrictions such as the inability to trade on margin (unless enabled) or limits on asset percentages or criteria set by the system.