22
STOCK EXCHANGE ORDERS
ON EURONEXT
The main types of orders
The French Financial Markets Authority provides
general information to the public on its website
www . amf - france . org .
Market
order
There is no price limit . It has priority over other
types of orders . Its execution is total .
Example : an order to buy 400 TotalEnergies shares on
the market and with a “ day ” validity period , sent to the
market during the session of February 25 , 2026 , could
have been executed at an average unit price of € 67 . 12 .
Order
at best
limit
The order is executed at the best price available
as soon as it reaches the market What makes
this order different from the market order is that
once the price has been determined by the best
seller the order becomes a limited price order
on that value and the purchase will be made only
at that price Execution may therefore be partial
Example an order to buy 400 TotalEnergies shares at
the best limit and with a day validity period sent to
the market during the session of February 25 2026
found as a best offer a price of 67 02 It was executed
as a purchasing order at a price limited to 67 02 at an
average price per unit of 66 98
WITHOUT
PRICE
FIXING
• maximum
at purchase
• minimum
at sale
Limited
price
order
It is only executed when the price falls below or
is equal to the purchase limit or rises above or is
equal to the sale limit . Execution may be partial .
Example : an order to buy 400 TotalEnergies shares at
a price limited to € 65 and with a “ day ” validity period ,
sent to the market during the session of February 25 ,
2026 , could not be executed because the share price
was above this price all day ( lowest price of this session
at € 66 . 85 ) .
WITH
PRICE
FIXING
T H E C O M P A N Y E D I T O R I A L T H E T O T A L E N E R G I E S S H A R ET H E T A X A T I O N S H A R E H O L D E R R E L A T I O N S