**Types of Order** The main type of trading order on the SET is the limit- price order, which is an order to buy or sell at a specific price. In addition, as part of efforts to service all types of investors, the Exchange has introduced other types of orders as follows. 1.Non-limit price orders - Special Market Order: A special market order is an order to buy or sell a stock at the best available price. The order can be matched at more than one price level. Unmatched quantity (if any) will be converted to a limit order at price of one tick better than the last executed price. Special market order is allowed during open session only. - Market Order: A market order is an order to buy or sell a stock at the best available price. The order can be matched at more than one price level. Unmatched quantity (if any) will be automatically cancelled. Market order is allowed during open session only. - Market-to-limit Order : A market-to-limit order is submitted as a market order to execute at the current best market price only. Unmatched quantity (if any) will be converted to a limit order at price equal to the last executed price. Market-to-limit order is allowed during open session only. - At-The-Open Order (ATO): An order to buy or sell a stock at the opening price. ATO order is allowed during pre-open sessions (morning and afternoon). - At the Close Order (ATC): An order to buy or sell a stock at the closing price. ATC order is allowed during pre-close session only. Note: >ATO and ATC orders contain first-matching priority over limit price order >The unmatched volume of ATO and ATC orders will be automatically cancelled by the system For Example; yesterday at 10AM, we suggested MINT was sold at the wrong price. The unusual order of the stock; MINT, yesterday was suggested to be sold at the market price (MP order) with more than 1,00,000,000 stocks within one time, affected the stock price to fall to the floor price, due to the MP order is meant to sell the stocks at any price. If the investor want to sell the stocks with the big amount of volume in 1 order, we suggested that it is better to set the selling price and hide the big volume of the order.
Posted on: Tue, 22 Oct 2013 03:34:02 +0000
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