What order types are supported?

Last updated about 2 years ago

Market Order (MKT)
Available for Hong Kong and US equities.  A market order is a buy or sell order to be executed immediately at current market prices. As long as there are willing sellers and buyers, market orders are filled. Market orders are therefore used when certainty of execution is a priority over price of execution. A market order is the simplest of the order types but does not provide price protection and may fill at a price far lower/higher than the current price. Your account may have insufficient funds to settle the market order and may result in a negative cash balance. 

Limit Order (LO)
Available for US equities only.  A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute.
 
Enhanced Limit Order (ELO)
Available for Hong Kong equities only.  Enhanced limit orders (ELO) allow matching of up to ten price queues at a time. Any unfilled Enhanced Limit Order will be put in queue as Limit Order at the same price.
 
Good Till Date (GTD)
Available for Hong Kong and US equities.  A good-till-date order is active until the trade is executed or you cancel the order. A GTD order remains active until your specified date, unless it has been filled or cancelled. You can hold a GTD order for 7 trading days then it will be automatically cancelled by the system.
 
Stop Limit Order (SLO)
Available for Hong Kong equities only.  A stop-limit order is set to sell a stock at a limit price or better when it reaches a specified price by the investor. A stop-limit order is designed to limit an investor’s loss on a position or to take profit. You can hold a SLO for 7 trading days then it will be automatically cancelled by the system.
 
When the nominal price of the stock falls to or below the stop price of your order, the SLO will be triggered for execution. Please note that a SLO may be triggered outside of Continuous / Core Trading Session but will only be executed in the Continuous / Core Trading Session.