Order Types

•Rest of Day Order: This is limit order with specified price and quantity. If the order is not immediately matched, it will stay as a queued order until the market close for that day.

•Fill or Kill Order: This is a limit order that will be immediately and exactly match the specified price and quantity, otherwise the order will be cancelled.

•Fill and Kill Order: This is a limit order that will be immediately matched with as many contracts available in the market as possible and the remaining unmatched quantity will be cancelled

•Auction Order: An order where a bid or offer price is not specified and is entered into the HKATS  during the pre-market opening period for execution at the Calculated Opening Price (COP).

When investors enter an auction order, they are prepared to buy or sell at the COP. Depending on market conditions, not all auction orders may be matched on market opening. As a result, unmatched auction orders will be converted to limit order at COP. Or the best bid price or the best ask price after the market reopens.

•Stop Loss Order/Stop Profit Order: It is a pending order with a touch price and a specified price. When the touch price is reached, an order with the specified price will be sent to HKATS

•Market Order: This is an order that will be sent to HKATS where the order price is the market price.