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Futures order types

Limit Order

A limit order is an order with a specified price that allows participation in trading during the relevant trading hours.

Available products for limit orders: Hong Kong futures and global futures.

Time-in-force*: Global futures: Day, Good til canceled or Good til day // Hong Kong futures: Day or Good til canceled

Hong Kong futures: limit orders that are not executed during the continuous trading session will be canceled after the market closes; limit order that is not executed during the T+1 period will be canceled after the T+1 period ( HKT 03:00 a.m.)market closes.

Global futures: Limit orders that are not executed at the end of the trading day will be canceled.


At-auction Order

At-auction order is orders that has no price restrictions and are only applicable during the pre-opening session. These order is executed at the calculated market opening price set by the Hong Kong Exchanges and Clearing Limited. All At-auction order is matched based on priority in time and any unmatched At-auction order will be converted into limit order at the calculated market opening price.

Available products for At-auction Orders: At-auction orders are only available for selected Hong Kong futures contracts, including Hang Seng Index Futures, Hang Seng China Enterprises Index Futures, Mini Hang Seng Index Futures, Mini Hang Seng China Enterprises Index Futures, and Hang Seng Tech Index Futures.


Market Order

A market order does not specify a price and is executed based on the current market price for buying or selling instruction.

Available products for market orders: Hong Kong futures and global futures.

Time-in-force*: Global futures: Day, Good til canceled or Good til day // Hong Kong futures: Day or Good til canceled

Hong Kong futures: market orders that are not executed during the continuous trading session will be canceled after the market close; market orders not executed during the T+1 period will be canceled after the T+1 period ( HKT 03:00 a.m.)market closes.

Global futures: market orders that are not executed by the end of the trading day will be canceled.


Stop Order

A stop order is a market order to buy or sell instruction is placed when the market price reaches the client's set stop trigger price. A stop order does not guarantee that the instruction executed at a specific price and there may be a significant difference between the execution price and the client's set stop trigger price.


- For a sell stop order, the trigger price should be set slightly below the current market price to increase the chances of a successful transaction.

- For a buy stop order, the trigger price should be set slightly above the current market price to increase the chances of a successful transaction.


Available products for stop orders: Hong Kong futures and Global futures

Time-in-force*: Global futures: Day, Good til canceled or Good til day // Hong Kong futures: Day or Good til canceled

Hong Kong Futures: Stop orders that are not executed during the continuous trading session will be canceled after the market close; stop orders that are not executed during the T+1 period will be canceled after the T+1 period ( HKT 03:00 a.m.) market close.

Global Futures: Stop orders that are not executed by the end of the trading day will be canceled.


Stop Limit Order

A stop limit order is a limit order to buy or sell instruction is placed when the market price reaches the client's set stop trigger price. The difference between a stop order and a stop limit order is that a stop order ensures the order is executed as soon as possible without guaranteeing a specific price, while a stop limit order specifies a specific price but does not guarantee that the order will be executed. After the order is triggered, regardless of whether the corresponding order is filled or not, the trigger conditions will no longer be valid. If needed, please place a new order.


- For a sell stop limit order, the trigger price should be set slightly below the current market price, and the limit price must be lower than the trigger price to increase the chances of a successful transaction.

- For a buy stop limit order, the trigger price should be set slightly above the current market price, and the limit price must be higher than the trigger price to increase the chances of a successful transaction.


Available products for stop limit orders: Hong Kong futures and global futures.

Time-in-force*: Global futures: Day, Good til canceled or Good til day // Hong Kong futures: Day or Good til canceled


Hong Kong Futures: Stop limit orders that are not executed during the continuous trading session will be canceled after the market close; stop limit orders that are not executed during the T+1 period will be canceled after the T+1 period ( HKT 03:00 a.m.) market close.


Global Futures: Stop limit orders that are not executed by the end of the trading day will be canceled.


*Hong Kong Future will be removed the "Good til day" option


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