A enhanced limit order, as a standard order for Hong Kong stocks, enables you to buy or sell at a specified price.
An enhanced limit order submitted from 4:10 PM on day T to 9:15 AM on day T+1 is a preset order, and will be submitted to the exchange as an at-auction limit order during the morning auction period (9:00 AM to 9:15 AM) for matching. You cannot change or cancel any order from 9:15 AM to 9:30 AM.
An enhanced limit order submitted from 4:10 PM on day T to 9:30 AM on day T+1 is a preset order, and will be queued for submission to the exchange after 9:30 AM, and the queue time may be up to several minutes. If you want the order to be submitted faster, it is recommended to allow pre-market auction, or cancel the order and place a new order after 9:30 AM.
Normal trading hours (9:30 AM-12:00 PM; 1:00 PM-4:00 PM)
3.1 An order will not be executed if the stock price has not reached or exceeded the limit price, and any unfilled enhanced limit order will be converted into an at-auction limit order after 4:01 PM.
3.2 An enhanced limit order allows matching of up to 10 price queues at a time (you can buy or sell at a better price).
3.3 The sell price cannot be lower than the best buy price by 9 spreads, and cannot be higher than the best sell price by 24 spreads (such spread depends on the share price of each stock).
3.4 The buy price cannot be higher than the best sell price by 9 spreads, and cannot be lower than the best buy price by 24 spreads (such spread depends on the share price of each stock).
3.5 For partially filled enhanced limit orders, only unfilled part can be cancelled or changed.
3.6 During the process of change or cancellation, the original order is still in effect. There may be cases where the original order cannot be changed or canceled due to the fact that the original order has been fully executed during the process of change.
3.7 An order will be executed at the best price in the market (i.e. market price) if the buy order price is higher than the market price, or the sell order price is lower than the market price.
3.8 You are not allowed to change any order during the lunch break, and cancellation is also not allowed during the period from 12:00 PM to 12:30 PM.
Moomoo is a professional trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
Any illustrations, scenarios, or specific securities referenced herein are strictly for illustrative purposes. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal.