Gain timely investment insights on:
By subscribing, you agree to receive research insights and marketing communications from us. You may unsubscribe at any time. See our Privacy Policy for details.
| Market | Order Type | Validity Type |
|---|---|---|
| SGX | Limit *Market *Market-to-Limit *Conditional Order | ^Day *Fill and Kill (FAK) *Fill or Kill (FOK) *Good-till-Date (GTD) *Good-till-Maximum (GTM) |
| ASX | Limit | ^Day |
| Bursa | Limit | ^Day |
| HKEx (Read more >>>) | At-Auction At-Auction Limit Limit Enhanced Limit Special Limit | ^Day |
| SET | Limit | ^Day |
| HK-Shanghai/Shenzhen Stock Connect | Limit | ^Day |
| US | Limit Stop Limit | ^Day **Good-till-Date (GTD) |
| TSX | Limit Stop Limit | ^Day |
| LSE | Limit Stop Limit | ^Day |
* For more information, visit http://www.utrade.com.sg/advancedorder/
Limit Order (All Markets)
A limit order specifies the price and quantity that a buyer or seller is willing to trade at, i.e. at that price or better (lower for buy, higher for sell). Any portion of the order that can immediately be matched is traded as soon as the order is entered. The rest of the unfilled order sits in the order book.
At-auction Order (HKEx)
An at-auction order is an order with no specified price and is entered into the trading system for execution at the final Indicative Equilibrium Price (IEP). It enjoys a higher order matching priority than an at-auction limit order and will be matched in time priority at the final IEP.
Any outstanding at-auction orders after the end of the Pre-opening Session will be cancelled before the commencement of the Continuous Trading Session.
At-auction Limit Order (HKEx)
An at-auction limit order is an order with a specified price. An at-auction limit order with a specified price at or more competitive than the final Indicative Equilibrium Price (IEP) may be matched at the final IEP during the pre-order matching period from 9.15am to 9.20am. If an IEP cannot be determined during the Closing Auction Session, the Reference Price will serve as the price for matching. The matching of applicable at-auction orders and at-auction limit orders will occur at the Reference Price instead and the matching mechanism will be same as matching at the IEP.
All unfilled at-auction limit orders from the Pre-Opening Session will be converted into limit orders and carried forward to the Morning Session provided that the specified price of that at-auction limit order does not deviate 9 times or more from the nominal (last done price).
Enhanced Limit Order (HKEx)
An enhanced limit order will allow matching of up to 10 price queues (i.e. the best price queue and up to the 10th queue at 9 spreads away). The sell order input price cannot be made at a price of 10 spreads (or more) below the current bid price whereas the buy order input price cannot be made at a price of 10 spreads (or more) above the current ask price.
Any outstanding enhanced limit orders will be treated as a limit order and put in the price queue of the input price.
Special Limit Order (HKEx)
A special limit order will allow matching of up to 10 price queues (i.e. the best price queue and up to the 10th queue at 9 spreads away). A special limit order has no restriction on the input price as long as the order input price is at or below the best bid price for a sell order or at or above the best ask price for a buy order.
Any outstanding special limit orders will be cancelled.
Visit HKEx website for more information on Order Types and Trading Mechanism.
Stop Limit Order (US, TSX, LSE)
A stop limit order has two price components specified - the activation price and the limit price. When the bid/ask price of the stock reaches the activation price, the order converts to a limit order and is executed at the limit (or better, if available.)
^DAY Order (All Markets)
The order is only valid for the day that is sent to the Exchange. If the order is not executed, it will expire at the end of trading day. The Order Book will reflect the status “E” for expired orders. You will need to re-enter the orders if you want to place the orders for the next trading day.
**Good-till-Date (GTD) for US markets
Only applicable for Cash account.
You can set your GTD order up to 30 calendar days. Please do not select Saturdays, Sundays and US holidays as the expiry date.
Always check your order book to make sure that the order status is updated as Queue or Filled during trading hours.
You can only withdraw the quantity on GTD order that is not filled.
The order may incur more transaction cost if the order is partially filled each day and commissions are charged on each day that an execution occurs.
Do be cautions and mindful that when the order is left on the order book for a period of time during which market conditions could change and the order may become unfavorable. In the event of corporate action, such US GTD order will not be auto void or expired in the system. The trading price will usually be adjusted accordingly to reflect the effect of the share consolidation / split / dividend / bonus / rights issues or others. However, the stock prices may also be affected by a myriad of factors such as the usual market forces of demand and supply, economic and political events (both locally and overseas). This information serves as an illustration only, you should not rely on the information above for your trading decision.
