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What is market order?

A market order does not need to specify a price, and it is bought or sold at the current market price.

1. Order time

1.1 Pre-set orders

Pre-set orders can be placed after the end of the U.S. T day during the post-hours trading session, and can be executed on T+1 day . The pre-paid orders support settings: 1. Valid on the Day or Good-Till-Cancel (90 days expiry), 2. Whether to allow Fill outside RTH.

1.2 Trading hours

21:30-04:00 Singapore Time (DST Begins)

Note:

Singapore Time 16:00-21:30 is the pre-market trading hours for US stocks and 04:00-08:00 is the US stocks post-hours trading hours. Pre-market and post-market orders will be submitted to the exchange for trading.


2. Description and precautions

2.1 When a market order is placed in the pre-market period, the system will freeze the order and submit it to the exchange for trading during the continuous trading hours; although the market order is supported in the post-hours period, it may not be filled.

2.2 Market orders do not guarantee the best execution price, especially when the market changes rapidly, market orders may be executed at a higher or lower price.

2.3 Note that the market order will be calculated according to the current price*1.5, and your purchasing power will be reduced accordingly. After the order is completed or cancelled, the frozen part of the purchasing power will be released.

*Disclaimer

Market order is a convenient online trading method provided by Futu for customers. Futu provides stable services as much as possible, but it cannot guarantee its absolute reliability. If the limit order is not executed due to network interruption, server abnormality and other physical factors, Futu will not be liable for any loss or damage caused thereby.