Trading

Can orders be placed with specific conditions, such as only being effective at the opening or closing auctions?

Update : Jan. 04, 2010

Answer:

As explained in 'What different kinds of orders are there?', the two main types of order are limit and market orders. However, there are some other types of orders only effective under certain conditions. Some examples are given below.

• What different kinds of orders are there?

1. Limit/market orders effective only during the opening/closing auction.
2. Limit orders that become market orders at the closing auction if not already executed.
3. Limit orders for selling short.

The ever-diversifying range of financial products and the rapid development of information technology mean that investors are demanding faster and more convenient trading tools.
This variety of orders is just one TSE initiative to respond to these demands, allowing investors greater choice and flexibility in their investment decisions.