What is 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.

For example

Case: Suppose the market price of a target is 20 USD at that time

Buy: If a customer submits a limit buy order at $18, and then the market price drops to $18, the limit buy order will be submitted and be executed at a price not exceeding $18 (assuming that there are enough stocks to trade to complete your Order).

Sell: If a customer submits a sell limit order at $22 and the market price rises to $22, the sell limit order will be submitted and be executed at a price not lower than $22 (assuming there are enough stocks to trade to complete your order).

Reminder: When the set limit price exceeds +/- 20% of the latest price, your order may be cancelled by the exchange.

Order time

Regular time only:

Daylight saving time Beijing time: 9:30 pm to 4:00 am

Standard time Beijing time: 10:30 pm to 5:00 am

Include pre-market and after-hours :

Daylight Saving Time Beijing Time: Orders can be placed from 16:00 on the trading day to 8:00 on the next morning.

Standard time Beijing time: orders can be placed from 17:00 on the trading day to 9:00 am the next day.

Limit order can be placed off-market order time:

Daylight saving time Beijing time:12 o'clock -16 o'clock

Standard time Beijing time :13 o'clock -17 o'clock

Daylight saving time Beijing time before 16 o'clock does support pre-market and after-hours off-market limit order

Standard time Beijing time before 17 o'clock does support pre-market and after-hours off-market limit order

Description and precautions

(1) Ordinary limit orders placed in the pre-market/post-market time period will be submitted to the exchanges/market makers immediately, and the order will be matched and traded according to the real-time market price; note that the market price difference in the pre-market and post-market time period is large, please Watch out for the risks. Please click here to browse “Limit order might not be filled during extended-hours Trading in US market”.

(2) For a buy 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.

(3) The incompletely executed part of the limit order can be cancelled and modified.

(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 due to the completion of the original order during the modification process.