What is limit order

Limit order (Limit Order) needs to specify the transaction price, and will only be executed when the specified price is reached or there is a better price.

1. Availablities

1.1 Pre-set orders

Pre-set orders can be placed after the end of the Closing Single Price Auction trading phase and can be executed on T+1 day. The pre-set orders support settings: Valid on the Day or Good-Till-Cancel (90 days expiry).

The order will be automatically queued for submission during the Pre-open trading phase (07:00 AET).

1.2 Trading hours

10:00 - 16:12 (AET)


2. Description and precautions

2.1 Limit orders placed in the pre-market/post-market time period will be submitted to the exchange immediately, and the order matching will be matched according to the real-time market price; note that the market bidding price difference in the pre-market and post-market time periods is wide and can be illiquid, please be aware of this pricing risks.

2.2 For buying the limit order, if the stock price is not lower than the limit price, the order will not be executed; for a sell limit order, if the stock price does not exceed the limit price, the order will not be executed. Any unfilled limit orders will be automatically cancelled after the market closes.

2.3 The partial filled order can be cancelled and edited.

2.4 The original order is still in effect during the process of order modification or cancellation, and there may be situations in which the original order cannot be withdrawn or modified in time and result in a fill of the original order.


Disclaimers

The limit order is a convenient online transaction method provided by Futu for customers. Futu provides as stable service as possible, but we cannot guarantee its absolute reliability. If the limit order is not executed due to network interruption, server abnormality and other physical factors, Futu will not be liable for any loss or damage caused thereby.