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Time-in-force

Investors can choose the order's validity period when placing it, including the Day order or the Good-Til-Cancelled order.


1. DAY order

The DAY order is valid until the end of the trading day if it is not filled. Unfilled orders will be cancelled.


2. Good-till-canceled order

2.1 For cash settlement contracts, the GTC order will remain active until they are completely executed, cancelled, or when the contract expires.

2.2 For physical delivery contracts, the GTC order will remain active until two business days before the last trading day or the first notice day. Unfilled orders will be cancelled.

Note: In order to avoid the risk of physical delivery, you won't be able to place a GTC order on or after two business days before the last trading day or the first notice day.  You can place a DAY order if necessary.