Normal
Enhanced Stop
OCO
Bull & Bear
Time To Send
Tips

Open this window from the Order Menu.

Normal

  • Acc:  Client's account number
    Id:  Product ID
    Price:  The order price. An order is to be matched at the order price or better
    Qty:  The maximum executable quantity per order specification depending on the Validity.
    Cond:  Options on different “Conditional orders” are available to choose from
  • This window is used for sending orders. The Order can either be manually entered or selected by clicking at a prevailing market price or quantity in the Price Information window (the Price & Qty field will also be automatically filled in with the prevailing market price and quantity at the time of clicking).
  • When user check the 'Lock' checkbox next to the product ID field, the product ID is locked and will not change.Thus user can trade different products easily by opening multiple Order Entry windows and checking the 'Lock' checkboxes. As long as user does not close the windows, they will still be shown even after user logout and then login again next time.
  • When the user selects【T+1】, it means this this order is also valid in the AHFT session, and it is only used for the HKEX futures products that is available for trading in AFHT session.
  • Use Mouse right click Enter Order Window and then Price Depth can be turned on/off.

Validity

FOK
Fill or Kill. It means that the order is to be matched, immediately after submission, at the exact quantity specified in the Qty field or else it will be canceled automatically by the system at once.
FAK
Fill and Kill. It means that the order is to be matched, immediately after submission, as much as possible, up to quantity specified in the Qty field and the remaining unmatched portion, if any, of the order will be canceled automatically by the system at once.
Today
Rest of day (default). It means unmatched orders will remain in the central order book until the market close of the day.
GTC
Until Expiry. It means that unmatched orders will remain in the central order book until the market close of the expiration day of the product.Unmatched orders without expiry date will be valid until traders further instruction,i.e.Good Till Cancel Order.
Date
Specified Date. It means that unmatched orders will remain in the central order book until the market close of the business date specified in the Date field.

Ref: Free text information. Client information or any other free text information can be entered.

Inactive: An inactive order. It is not a tradable order unless user activates the order, place to the market.

AO

  • An auction order. An order that does not have a price limit assigned.
  • An auction order is ready to be matched at the Calculated Opening Price (COP) during the Pre-market Opening Period.At the end of the Pre-market Opening Period all unmatched auction orders will be converted to either limits orders or inactive orders.

Stop/Trigger

  • Stop Limit:
    Buy Order: When the market price is larger than or equal to stop price, then the buy order will be place in the market.
    Sell Order: When the market price is less than or equal to stop price, then the sell order will be place in the market.
  • Up Trigger:
    If market price is larger than trigger price, then the order will be place in the market.
  • Down Trigger:
    If market price is less than trigger price, then the order will be place in the market.

Enhanced Stop

  • It simplifies the Stop Limit function, and users just need to adjust the trigger price plus the tolers while buy or sell.

Toler

  • Sometimes it may not be able to perform stop loss even when a stop price is set, since the market price may fluctuate quickly.
  • With that in mind, toler can be set to guarantee the success in stop loss.

Trailing Stop

  • A stop Limit Order can be entered simply. You just input the buy/sell, trigger price and toler.
  • The ‘Trailing Stop’ is an advanced feature which allows you to change the Stop Loss value dynamically as the price changes, thus enabling you to minimize your potential loss or let profit run.
  • Trailing Stop: Steps
    Concerning the use of “steps”, please refers to the examples stated below:
    Example(Stock)

OCO

  • This is an order that consists of both a Stop-Loss and a Limit order. Once one of the pair is filled, the other is canceled automatically. With OCO orders you know your exit points exactly.

Bull & Bear

  • Two options can be selected—Bull or Bear. The principle is to hold a long or short position first using the limit price, or the “market price +Toler”. Then it will automatically perform “Stop gain” or “Stop loss” when the price rises up or down by the “Profit” or “Loss + Loss toler” set.
  • Concerning the use of “Bull/Bear”, please refers to the examples stated below:
    Example(Bull)
    Example(Bear)

Time To Send

  • If target time is touched, the order will be placed in the market. Only intraday order is allowed, and the scheduled time should be within the trading hours.

Tips

  • Price up/down by mouse wheel
    Simply shifting the mouse wheel up and down, the price can be changed easily!!User can switch on and off this “Price up/down by mouse wheel” function. Please refer to:
    General Preference
  • Keep Setting
    A newly added “Keep Setting” function permits clients to lock the order information, which is the same as the last order.