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The Polyhush SDK supports three order types, each with different execution behaviors. Understanding these is crucial for effective trading.

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Order Type Constants

The client provides convenient constants for order types: 
from polyhush import PolyhushClient

client = PolyhushClient(api_key="your-api-key")

client.GTC  # "GTC" - Good Till Cancelled
client.FOK  # "FOK" - Fill Or Kill  
client.FAK  # "FAK" - Fill And Kill

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GTC (Good Till Cancelled)

Default order type for limit orders
A GTC order remains active on the order book until it’s either:
  • Fully filled
  • Manually cancelled
  • The market closes
# Place a GTC limit order
result = client.buy(
    token_id="your-token-id",
    shares=100,
    price=0.45,
    order_type="GTC"  # This is the default
)

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When to Use GTC

Patient Entry

You want to buy/sell at a specific price and are willing to wait

Better Pricing

You want to avoid paying the spread by providing liquidity

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Behavior

ScenarioResult
Price matches immediatelyOrder fills (partially or fully)
Price doesn’t matchOrder sits on book waiting
Partial fillRemaining amount stays on book
Cancel requestOrder removed, funds released

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FOK (Fill Or Kill)

All or nothing execution
A FOK order must be filled completely and immediately, or it’s cancelled entirely. There’s no partial fill. 
# Place a FOK order - must fill 100 shares or nothing at current market price
result = client.buy(
    token_id="your-token-id",
    shares=100,
    order_type="FOK"
)
# Note: FOK/FAK are market orders - 'price' parameter is ignored if provided

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When to Use FOK

Precise Position Sizing

You need exactly N shares, no more, no less

Avoid Partial Fills

Partial fills would leave you with an undesirable position

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Behavior

ScenarioResult
Full fill available at priceOrder fills completely
Only partial fill availableOrder cancelled, nothing filled
No liquidity at priceOrder cancelled immediately

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FAK (Fill And Kill)

Market order behavior - Use buy() or sell() with order_type="FAK"
A FAK order fills as much as possible immediately at the best available prices, then cancels any unfilled remainder.
Minimum Order Size: Market orders (FAK) have minimum size requirements that vary by market. Very small orders may be rejected by the exchange.
# Market buy - spend $50 at best available price
result = client.buy(
    token_id="your-token-id",
    usdc_amount=50,
    order_type="FAK"
)

# Market sell - sell 100 shares at best available price
result = client.sell(
    token_id="your-token-id",
    shares=100,
    order_type="FAK"
)

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When to Use FAK

Immediate Execution

You want to enter/exit a position right now

Market Orders

You care more about getting filled than the exact price

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Behavior

ScenarioResult
Full fill availableOrder fills completely
Partial fill availableFills what’s available, cancels rest
No liquidityOrder cancelled, nothing filled

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Comparison Table

FeatureGTCFOKFAK
Sits on order book✅❌❌
Partial fills✅❌✅
Immediate executionOptionalRequiredRequired
Best forLimit ordersPrecise sizingMarket orders

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Examples

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Limit Order (GTC)

# Patient entry - wait for price to come to you
result = client.buy(
    token_id=token_id,
    shares=50,
    price=0.40,  # Below current market
    order_type="GTC"
)
print(f"Order {result['orderID']} placed on book")

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All-or-Nothing (FOK)

# Need exactly 100 shares or nothing at current market price
result = client.buy(
    token_id=token_id,
    shares=100,
    order_type="FOK"
)

if result['status'] == 'matched':
    print("Got all 100 shares!")
else:
    print("Couldn't fill - no position taken")

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Market Order (FAK)

# Get in immediately at market price
result = client.buy(
    token_id=token_id,
    usdc_amount=100,  # Spend $100 at market
    order_type="FAK"
)

# Or sell shares immediately
result = client.sell(
    token_id=token_id,
    shares=50,
    order_type="FAK"
)