Order Types - US

Limit Orders

Limit orders need to specify the transaction price, and will only be executed when the market hits the specified price or better. Trading at a better price means that the shares are traded at a price lower than the limit price when being purchased or at a price higher than the limit price when being sold.

Available trading hours: 4:00 a.m. - 8:00 p.m. (EST)

Supported order validity: Day/Good-till-canceled/Good-till-date

Market Order

In the case of a market order, the order quantity, rather than the price, must be specified. The order will be submitted at a price higher than the current market price in an effort to ensure that the order can be fully executed at the market price.

Available trading hours: 9:30 a.m. - 4:00 p.m. (EST)

Supported order validity period: Rest-of-day

Due to the limited market liquidity during pre-market and after-hours sessions, prices may fluctuate greatly; as a result, market orders are only issued after the opening of a normal trading session.

Buy if Touched

A trigger price must be set for "Buy if Touched" orders. When the market price hits the trigger price, the system is required to submit the price (market price/limit price), quantity and other parameters relating to the buy order.

Supported order validity: Day/Good-till-canceled/Good-till-date

Sell if Touched

A trigger price must be set for "Sell if Touched" orders. When the market price hits the trigger price, the system is required to submit the price (market price/limit price), quantity and other parameters relating to the sell order.

Supported order validity: Day/Good-till-canceled/Good-till-date

Trailing to Buy

"Trailing to Buy" orders require that a certain price fluctuation value or price limit be set with respect to price rebounds from the lowest point after the order is placed. When the current market price fluctuation is triggered, the system is required to submit the order spread, quantity and other parameters relating to the buy order.

Supported order validity: Day/Good-till-canceled/Good-till-date

Trailing to Sell

"Trailing to Sell" orders require that a certain price fluctuation value or price limit be set with respect to price drops from the highest point after the order is placed. When the market price fluctuation is triggered, the system is required to submit the order spread, quantity and other parameters relating to the sell order.

Supported order validity: Day/Good-till-canceled/Good-till-date