Effective from 12 October 2015, GTD order is available at SHK Direct. Placing a GTD order for Hong Kong shares means your trading instructions will remain valid for up to 14 calendar days. GTD order enables you to trade a stock at a specified price or better at any time on or before a specified expiry date.
As a result of the launch of this new feature, SHKF eMO! Mobile App has to be upgraded in parallel. Please click here to download the latest version of SHKF eMO! on or after 11 October 2015 in order to continue to use our award-winning mobile app to view market information or conduct trades.
In our continuous effort to provide you with superior services, this GTD order functionality marks the beginning of a series of enhancements that will be released in the coming months. We will keep you posted.
1. Input Stock Code, Quantity and Price. Then, select “Good-Till-Date” under the “Order Type” field.
Notes :
1. The price in a GTD order must be apart from the 16 spreads of the Nominal Price. For example, if such Nominal Price of stock A is $8, the target price must be set at either $7.84 or below, or at $8.16 or above, where $0.01 equals one spread.
2. Only “Partial Fills” orders are accepted for GTD orders.
3. If a GTD order is not fully filled or the “Partial Fills” orders are not successfully cancelled by the client, its remaining quantity will be brought forward to the next trading day and placed in the market until it is cleared up to the expiry date.
4. When a corporate action is initiated by the stock-issuing company, the outstanding GTD order will not be affected by such action, including but not limited to the stock split or consolidation. Therefore, the instructions in the GTD order, including but not limited to the price and quantity, remain valid up to the expiry date.
