Changes to the execution method of pending orders on trading platform

2021-01-13

The changes to the execution method of pending orders on trading platform will be adjusted starting from 18 January 2021.

When the market opens on each trading day, if the pending order exceeds the price specified by the client, it will be executed at the opening price. After the market opens, it will maintain execution at the pending order price. Examples are as follows:

Trading Day 1 (Monday)

-    Client A set stop pending order buy LLGUSD @ 1850.00 liquidation, Good till Friday.

-    Client B set limit pending order sell LLGUSD @ 1851.00 new order, Good till Friday.

-    Client C set limit pending order sell LLGUSD @ 1857.00 new order, Good till Friday.

-    Trading Day 1 LLGUSD closing price 1848.50/9.00

Trading Day 2 (Tuesday)

-    Trading Day 2 LLGUSD opening price 1855.00/6.00

-    Client A set stop pending order buy LLGUSD @ 1850.00 liquidation will be executed at the opening price 1856.00.

-    Client B set limit pending order sell LLGUSD @ 1851.00 new order will be executed at the opening price 1855.00.

-    Client C set limit pending order sell LLGUSD @ 1857.00 new order, the price has not yet reached when the market opens, it will maintain Good till Friday.

-    After the market opens, the price rises from 1855.00/6.00 to 1858.00/9.00

-    Client C set limit pending order sell LLGUSD @ 1857.00 new order will be executed at the pending order price 1857.00.

If you have any enquiries, please contact your respective agent or contact our customer service department online or through hotline (852) 3101 2999.

Thank you for your kind attention.

Success International Bullion (H.K.) Limited