Help CenterTrading in HK marketHK Market Order TypesWhat is a Hong Kong Stock Market Price Order?

What is a Hong Kong Stock Market Price Order?

What is a Hong Kong Stock Market Price Order?
 
A market price order is an order type that executes as quickly as possible at the prevailing market price. 

It is only applicable during the continuous trading session of Hong Kong stocks (i.e., regular trading hours). 

Market price orders cannot be assigned an expiry date; they are only valid for the day and will automatically expire after the market closes. 

If there is no counterparty price available for reference, the market price order will fail to submit. 

How Orders are Matched 

Buying Market Price Order: The system will automatically match the order using the top five ask prices, according to the quantity entered by the client. 

Selling Market Price Order: The system will automatically match the order using the top five bid prices, according to the quantity entered by the client. 

If there is insufficient quantity within the top five levels, the unexecuted portion will be canceled. 

Rules for Amending and Canceling Orders 

Once a market price order is submitted, it cannot be modified. 

Note: The above information is for reference only. For official details, please refer to the Hong Kong Exchanges and Clearing Limited (HKEX) website: 

https://www.hkex.com.hk/Global/Exchange/FAQ/Securities-Market/Trading?sc_lang=en#collapse-132

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