What is an OTOCA order?

An OTOCA order is composed of a main order and a group of sub-orders. When the main order is filled, all the sub-orders will be triggered automatically. Once one of the sub-orders is executed, the other sub-orders will be automatically cancelled.

For example:

A client wants to buy stock A and places a main order to buy 1000 shares of stock A at a limit price of $130. At the same time, the client sets two sub-orders: the first sub-order is to buy 500 shares of stock A at a limit price of $110, and the second sub-order is to sell 500 shares of stock A at a limit price of $140.

1. When the main order to buy 1000 shares of stock A at a limit price of $130 is filled, all the sub-orders in the combination will be automatically triggered.

2. When the first sub-order to buy 500 shares of stock A at a limit price of $110 is triggered and executed, the second sub-order to sell 500 shares of stock A at a limit price of $140 will be automatically cancelled.

Conditions:

1. Main order supported types: Market order, Limit order, Stop order, Stop Limit order, Limit if Touched (Take Profit) order, Market if Touched (Take Profit) order, Trailing Stop Limit order.Sub order supported types: Limit order, Stop order and Stop Limit order.

2. Order placing time: Orders can be placed at any time in the client terminal.

3. Maximum number of sub-orders supported for one main order: Up to 2.

4. Time-in-force: Users can choose between "Day" or "Good ‘Till Canceled (GTC)" expiration. If the order is not fully filled within the certain period, the system will automatically cancel it.

Note: If the order fails due to risk control, company actions, or other reasons during the execution process, the order status will be updated to canceled and the system will no longer continue to submit the order.

5. Trigger time: The trading session can be set to "Include Extended Hours" or "Only Regular Hours". The order will be triggered based on different time settings. Once the condition is triggered, the system will automatically submit the default order to the market.

Instructions:

1. OTOCA orders only support the same stock.

2. Estimated total combination amount of the order = total amount of all sub-orders (e.g. sub-order A + sub-order B....)

3. Estimated order commission fee = total commission fee for all sub-orders (e.g. sub-order A + sub-order B....)

4. Order purchasing power = total purchasing power required for all sub-orders (e.g. sub-order A + sub-order B....)

5. After the order is triggered, there is no guarantee that it will be executed.

6. After the order is triggered, regardless of whether the corresponding order is executed or not, the order triggering conditions will not be effective again; if needed, please place a new order.

7. If the order is closed, and the order quantity is higher than the position of the product at the time of triggering, the order will not be executed.

8. The order will only be triggered during the allowed trading hours.