Frequently Asked Questions
Advanced Order Types
What is a Stop Limit order?
Are Stop Limit orders available on POEMS?
On POEMS 2.0 and POEMS Mobile 2.0, Stop-Limit orders are currently supported for orders on NASDAQ, NYSE, NYSE-MKT, SGX.
On POEMS Mercury, Stop-Limit orders are supported for orders on HKEx, NASDAQ, NYSE, NYSE-MKT, SGX
How does a Stop Limit order work?
Depending on what position you are holding (long or short), there are two types of Stop Limit orders:
Sell Stop Limit
This is the Stop Limit order when you have a long position on a security. In this case, the trigger price is placed below current market price of the security.
Buy Stop Limit
This is the Stop Limit order when you have a short position on a security. In this case, the trigger price is placed above current market price of the security.
Stop-Limit orders are currently supported for orders on Singapore & US exchanges only.
POEMS Mercury Stop-Limit orders are supported for orders on Singapore, Hong Kong and US exchanges.
When should I use a Stop Limit order instead of a Limit order?
Is there anything I should consider before using a Stop Limit order?
What is a Limit-if-Touched (LIT) order?
Are Limit-if-Touched orders available on POEMS?
Limit-if-Touched orders are currently supported on POEMS 2.0 and POEMS Mobile 2.0 for orders in the Singapore market.
On POEMS Mercury, Limit-if-Touched orders are available on SGX, HKEx, NYSE, NYSE MKT and NASDAQ.
How does a Limit-if-Touched order work?
What are the advantages of using Limit-if-Touched orders?
What is the difference between Stop Limit order and Limit-if-Touched order?
What should I take note of before using a Stop Limit order or a Limit-if-Touched order?
Do take note of the following:
1. For Advanced Orders, customers are to ensure that their trading accounts have sufficient buy or sell trading limits to allow orders to be submitted when the Stop Limit Order's triggering conditions are met. Otherwise, the order triggered may be rejected due to insufficient trading limit.
2. Please take note that the Trigger Price cannot exceed 30 bids from the Last Done Price and the Limit Price cannot exceed 30 bids from the Trigger Price.
3. There is no guarantee that the Stop Limit Order/Limit-if-Touched Order will be filled in the event the price exceeds the Limit Price.
4. Please note that Advanced Orders can only be triggered during the market open phase. Overnight Advanced Orders may get rejected by the exchange after the market is open if the limit price is outside of the allowed price range when the Advanced Order is triggered.