This order is an instruction containing a target price and volume that will be converted into an actual order in the order book once the target price is met. The order can either be a limit order or a market order, which will determine the nature of the actual order created once the trigger condition is met.

SGX will automatically expire conditional orders that are not activated by end of the trading day.

Please note that advanced order can only be triggered during market Open phase. Overnight advanced order may get rejected by exchange after the market is open if the limit price is outside of the allowed price range when the advanced order is triggered.

For example
ABC shares are currently trading at $2.60. Client wishes to buy ABC shares only when the price falls back to $2.50. However, he also wants to buy at a better price than $2.50, for instance $2.40. In this case, he enters a buy Limit order at $2.40 and a trigger price of $2.50.

During the day, if the trading price of ABC shares starts falling from $2.60 and reaches $2.50 at 11am, the Price Triggered Order is converted into an order to buy at a Limit Price of $2.40.

The buy limit order will only be executed at $2.40 or better price. If the market price never goes down to $2.40 or better, the order will not be executed.