![]() Please note that triggering of conditional order does not guarantee that the order will be successfully submitted to the upstream broker or the exchange. ![]() It will be frozen only when the condition of the order is triggered. The stop-limit order will not be triggered if the trigger condition is met outside the preset trading period.ĥ.1 Placement of the conditional order does not directly freeze the customer's buying power or position. If the order reaches the trigger condition during the preset trading period, the system will automatically submit the order to the clearing broker. If the order fails to be executed due to risk management or other reasons, the order status will update to "failed," and the system will not continue to place the order. If the order is not filled in full, the unfilled portion will be cancelled automatically by the system. If XYZ's market price falls to 15 or lower, a limit order will be submitted automatically to the clearing broker and filled at the market price.Ĭlients can place orders at any time via the app.Ĭlients can set the order's Time-in-force. To prevent the stock from falling sharply in the future, you submit a sell stop-limit order with a stop price of 15 and an order price of 14 when the market price is 20. If XYZ's market price rises to 15, a limit order will be submitted automatically to the clearing broker and filled at 16 or lower.Īssuming you hold stock XYZ with a cost price of 10. ![]() A buy stop-limit order must be entered above the current market price to stop the loss on a short position or protect its profit.Īssuming stock XYZ has a current price of 10, you submit a buy stop-limit order with a stop price of 15 and an order price of 16.A sell stop-limit order must be entered below the current market price to stop the loss on a long position or protect its profit.The stop price and the market price need to follow the rules: the buy stop price needs to be above the current market price, and the sell stop price needs to be below the current market price. The order follows the "buy high and sell low" rule. A stop-limit order is an instruction to place a buy or sell limit order when the client-specified stop price is hit.
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