Time in force for an order indicates how long the order will remain active before it is filled or expires. Time in force selections include Day and GTC (Good-Til-Canceled).
1.1 A day order expires at the end of the trading day if it remains unfilled. Unfilled orders will be cancelled after the market closes at 05:16 PM HKT & SGT.
1.2 Investors who want to sell short can only use day orders.
A GTC order remains active until it is fully filled, cancelled or rejected. Investors can place a GTC order at an ideal price in advance.
Notes:
A GTC order that remains unfilled by the end of the trading day will be cancelled after the close phase (at 05:16 PM HKT & SGT), and will be queued and submitted as a limit order to the exchange for pre-opening auction when the pre-open phase starts (at 08:30 AM HKT & SGT) on the next trading day.
If the price of an order deviates by more than 30 bids from the highest buy price or the lowest sell price when submitted to the Singapore Exchange, the exchange will reject the order. Clients will then have to submit a new order.
A GTC order remains active for up to 90 calendar days and will be cancelled automatically at expiration.
A GTD (Good Till Date) order will remain active until the market close of a specified date, unless it fails or is fully filled or cancelled. If the specified date is a non-trading day and the order remains unfilled, it will be cancelled automatically after the market closes on the last trading day prior to the specified date.
Notes:
A GTD order that remains unfilled by the end of the trading day will be cancelled after the close phase (at 05:16 PM HKT & SGT), and will be queued and submitted as a limit order to the exchange for pre-opening auction when the pre-open phase starts (at 08:30 AM HKT & SGT) on the next trading day.
If the price of an order deviates by more than 30 bids from the highest buy price or the lowest sell price when submitted to the Singapore Exchange, the exchange will reject the order. Clients will then have to submit a new order.