Advanced Order Types
Trade with precision and leverage market movements effectively with a host of advanced order types available on the award-winning POEMS suite of trading platforms.
Learn how to utilise Advanced Order Types in your trades:
- How to Use Advanced Order Types to Invest: Part I
- How to Use Advanced Order Types to Invest: Part II
Limit Order
Available across all markets on Poems platform.
Available across all markets on Poems platform.
Frequently Asked Questions (FAQ)
Example: An investor wants to purchase shares of ABC stock for no more than $10. The investor could submit a Buy Limit Order for this amount, and the order will only be executed if the price of ABC stock is $10 or lower. The same concept can be applied to Sell Limit Orders.
Limit Orders let you enter and exit trades with precision. Traders typically use Limit Orders to improve price and take advantage of pullbacks in price. However, you have to enter them correctly to ensure they accomplish the goal of improving price – that is, to get a specified price or better.
Market Orders are transactions meant to execute as quickly as possible at the present or market price. Conversely, a Limit Order sets the maximum or minimum price at which you are willing to buy or sell.
Learn more about Market Orders
Learn more about Market Orders
Step 1: Under the trade ticket, click on the dropdown menu under “Order Type” / “Type” and select “Limit Order”
Step 2: Key in your Limit Price, Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” / “Submit” button to submit your order
Step 2: Key in your Limit Price, Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” / “Submit” button to submit your order
POEMS 2.0
POEMS Mobile 2.0
POEMS Pro
POEMS Mobile 3
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Stop Limit Order
Available in selected exchanges on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS Pro
Available in selected exchanges on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS Pro
Frequently Asked Questions (FAQ)
Depending on what position you are holding (long or short), there are two types of Stop Limit orders:
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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. |
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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. |
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The benefit of a Stop Limit order is that it allows the investor to enter a new position or exit an outstanding position when the price surpasses a particular price level. It also allows one to minimise losses on an existing long or short position.
The disadvantage is that there will be no guarantee that the order will be filled in the event the price gaps through the limit price. In such an event, the order will not be filled.
Example: Assume that stock SGX is trading at $6.81 and an investor wants to BUY once it begins to show an upward momentum. The investor places a Stop Limit order to BUY with trigger price at $6.83 and limit price at $6.84. If the price of SGX reaches the trigger price of $6.83, the order is activated and turns into a limit order. As long as the order can be filled under $6.84 (the limit price), then the trade will be done/part done. If the stock gaps above $6.84, the order may not be filled.
The disadvantage is that there will be no guarantee that the order will be filled in the event the price gaps through the limit price. In such an event, the order will not be filled.
Example: Assume that stock SGX is trading at $6.81 and an investor wants to BUY once it begins to show an upward momentum. The investor places a Stop Limit order to BUY with trigger price at $6.83 and limit price at $6.84. If the price of SGX reaches the trigger price of $6.83, the order is activated and turns into a limit order. As long as the order can be filled under $6.84 (the limit price), then the trade will be done/part done. If the stock gaps above $6.84, the order may not be filled.
Before using a Stop Limit order, investors should consider the following:
As with all limit orders, a Stop Limit order may not be executed if the stock’s price moves away from the specified limit price, which may occur in a fast-moving market.
Short-term market fluctuations in a stock’s price can activate a Stop Limit order, so trigger price and limit price should be selected carefully.
US Stop Limit Buy (Sell) order placed prior to market opening through POEMS Trading Platforms (POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3, POEMS Pro) will be elected and effected as a Limit Order if the opening price is above (below) the Buy (Sell) trigger price.
For US Stop Limit Order, the default stop trigger on POEMS Trading Platforms is based on the last done price. For SG Stop Limit Order, the default stop trigger on POEMS Trading Platforms is the bid/ask/last done price.
As with all limit orders, a Stop Limit order may not be executed if the stock’s price moves away from the specified limit price, which may occur in a fast-moving market.
Short-term market fluctuations in a stock’s price can activate a Stop Limit order, so trigger price and limit price should be selected carefully.
US Stop Limit Buy (Sell) order placed prior to market opening through POEMS Trading Platforms (POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3, POEMS Pro) will be elected and effected as a Limit Order if the opening price is above (below) the Buy (Sell) trigger price.
For US Stop Limit Order, the default stop trigger on POEMS Trading Platforms is based on the last done price. For SG Stop Limit Order, the default stop trigger on POEMS Trading Platforms is the bid/ask/last done price.
Step 1: Under the trade ticket, select “Stop Limit Order” from the dropdown menu under “Order Type” / “Type”, then choose the “Trigger based on” / “Stop Trigger”
Step 2: Key in your Limit Price, Trigger Price, Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” / “Submit” button to submit your order
Step 2: Key in your Limit Price, Trigger Price, Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” / “Submit” button to submit your order
POEMS 2.0
POEMS Mobile 2.0
POEMS Pro
Alternatively, submit a Stop Limit Order in just ONE CLICK with OB Trader (available for free on POEMS Pro)!
POEMS Mobile 3
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Limit-if-Touched (LIT)
Available in selected exchanges on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS Pro
Available in selected exchanges on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS Pro
Frequently Asked Questions (FAQ)
Example 1: ABC shares are currently trading at $2.60. An investor wants to open a long position to buy 10 lots of ABC shares only when the price of ABC shares falls back to $2.50. However, he also wants to buy at a better price than $2.50, for instance $2.40. In this case, the investor can enter a LIT buy order with an order trigger price of $2.50 and a limit price of $2.40. During the day, if the price of ABC shares starts falling from $2.60 and reaches $2.50, the LIT buy order is converted into a limit buy order for 10 lots of ABC shares at $2.40. The buy limit order will only be executed at $2.40 or better price. If the market price never goes down to $2.40 or better, the order will not be executed.
Example 2: An investor enters a Limit-if-Touched sell order at $3.45 for 10 lots of ABC shares with trigger price $3.50. The price of ABC shares starts rising from an opening price of $3.30 and reaches $3.50 intraday. Upon the price of ABC shares reaching $3.50, the Limit-if-touched order is triggered, and is converted into a limit sell order of $3.45 for 10 lots of ABC shares to make sure the sell order has a high probability to be done.
Example 2: An investor enters a Limit-if-Touched sell order at $3.45 for 10 lots of ABC shares with trigger price $3.50. The price of ABC shares starts rising from an opening price of $3.30 and reaches $3.50 intraday. Upon the price of ABC shares reaching $3.50, the Limit-if-touched order is triggered, and is converted into a limit sell order of $3.45 for 10 lots of ABC shares to make sure the sell order has a high probability to be done.
Limit-if-Touched order benefits investors by providing the flexibility to buy and sell at specific price levels without investors having to constantly monitor market movements. It is particularly of use in fast-moving markets, when investors may not be able to react in time to take advantage of buying or selling opportunities.
The difference between a Stop Limit order and a Limit-if-Touched order is that a Stop Limit order is typically used as a loss-limiting mechanism in respect of open positions, while a Limit-if-Touched order is used to create new positions in anticipation of a particular reversing trend.
Do take note of the following:
- 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.
- 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.
- 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.
- 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.
Step 1: Under the trade ticket, select “Limit-if-Touched” from the dropdown menu under “Order Type” / “Type”, then choose the “Trigger based on” / “Stop Trigger”
Step 2: Key in your Limit Price, Trigger Price, Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” / “Submit” button to submit your order
Step 2: Key in your Limit Price, Trigger Price, Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” / “Submit” button to submit your order
POEMS 2.0
POEMS Mobile 2.0
POEMS Pro
POEMS Mobile 3
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If-Done Order
Available across all markets on POEMS Pro
Available across all markets on POEMS Pro
Frequently Asked Questions (FAQ)
The If-Done Order allows automatic management of trades that mirror your trade management if you were watching the price action unfold and can be utilized to wait for the market to come to you.
Step 1: Under the trade ticket, click on the dropdown menu under “Type” and select your desired order type
Step 2: Key in your Limit Price, Quantity and other required information
Step 3: Under “More Trading Options”, select the “IF-Done” option and key in other necessary information
Step 4: Confirm your trade details, then click on the “Submit” button
Step 2: Key in your Limit Price, Quantity and other required information
Step 3: Under “More Trading Options”, select the “IF-Done” option and key in other necessary information
Step 4: Confirm your trade details, then click on the “Submit” button
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One-Cancels-The-Other (OCO)
Available in SGX only on POEMS Pro
Available in SGX only on POEMS Pro
Frequently Asked Questions (FAQ)
Example: An investor owns shares of company XYZ, currently trading for $25 per share. He believes the shares are undervalued, and expects the price to climb another $20. To make sure he locks in the gain, the investor places a Sell Limit Order for $45, the maximum price at which he wishes to hold the stock. He also places a Stop Order for $10, which will sell the shares if it drops $10 from its current high. As the prices climb to $45, the investor’s Sell Limit Order is triggered, selling his shares, and cancelling his Stop Limit.
Step 1: Under the trade ticket, click on the dropdown menu under “Type” and select your desired order type
Step 2: Key in your Limit Price, Quantity and other required information
Step 3: Under “More Trading Options”, select the “O.C.O” option and key in other necessary information
Step 4: Confirm your trade details, then click on the “Submit” button
Step 2: Key in your Limit Price, Quantity and other required information
Step 3: Under “More Trading Options”, select the “O.C.O” option and key in other necessary information
Step 4: Confirm your trade details, then click on the “Submit” button
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Market Order
Available in US and HK market on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS PRO.
Available in US and HK market on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS PRO.
Frequently Asked Questions (FAQ)
Your purchasing power will be reduced by 7% accordingly. After the order is cancelled, the frozen purchasing power will be released.
Market order can be placed during the Continuous Trading session on the day for each respective market’s trading hours.
A Market order allows immediate execution of a trade. The functions allow a trader to trade at current market price that requires no price setting and enables quick trading.
Market Order seek to execute at the prevailing prices and as such, a buy market order can be filled at a much higher price while a sell market order can be filled at a much lower price.
This will be magnified for illiquid counters that have large bid and ask spreads. There is a lack of control in terms of price precision.
This will be magnified for illiquid counters that have large bid and ask spreads. There is a lack of control in terms of price precision.
A Limit Order requires a price specification and the trade may or may not fill. A Market order does not need a price specification and seeks to execute the trade at current trading price, opening price and closing price respectively. But the trade may or may not fill either. Please note that it is a client’s responsibility to check if the order is filled in the market after order entry.
A Market order, once executed, cannot be rejected and voided as it is a fair and valid trade.
No. Market order are not applicable for new IPO counters before the start of a trading session. Only Limit Orders are accepted. Market order can start placing during continuous trading session on counter that has BID/ASK price available.
A MOO/Market order, placed before the opening of a market session (subject to respective market’s cut-off time), will try to fill you with the opening price during random matching period. On the other hand, a Market order can only be placed during the Continuous Trading session.
Market, MOO and MOC orders placed during a stock suspension will resume its trading status after the suspension is lifted unless otherwise indicated.
Step 1: Under the trade ticket, select “Market Order” from the dropdown menu under “Order Type” / “Type”
Step 2: Key in your desired Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” button to submit your order
Step 2: Key in your desired Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” button to submit your order
POEMS 2.0
POEMS Mobile 3
POEMS Pro
POEMS Mobile 2.0
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Market-On-Open (MOO)
Available in US and HK market on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS PRO.
Available in US and HK market on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS PRO.
What is a Market-On-Open (MOO) Order?
A MOO Order is an order placement with a defined quantity but without a price. It is placed before a market is opened and it will try to match at the opening price during the Random matching period. It is an order to execute at the day’s opening price. But it does not guarantee a filled order. Order that is not done during the matching will be cancelled and will not carry forward to continuous trading session.*Disclaimer
The advance order is a convenient online transaction method provided by Phillip Securities Pte Ltd for customers. Phillip Securities Pte Ltd provides as stable service as possible, but we cannot guarantee its absolute reliability. If the advanced order is not executed due to network interruption, server abnormality and other physical factors or any others factors , Phillip Securities Pte Ltd will not be liable for any loss or damage caused thereby.
Hong Kong
What is the cut-off time to place/cancel a MOO Order?
Order has to be submitted and accepted before 9.20am to participate in the random matching.
Singapore/Hong Kong Time
Pre-opening Session
09:00am – 09:15am
No-cancellation Period
09:15am – 9:20am
Random matching Period
09:20am – 09:22am
US
What is the cut-off time to place/cancel a MOO Order?
All order entries/withdrawals after cut off time may be accepted/rejected by the exchange for balancing of the opening/closing order.
All order entries/withdrawals after cut off time will be rejected.
Although these limit prices are set at a level intended to balance the objectives of execution certainty and minimized price risk, there exists a remote possibility that an execution will be delayed or may not take place.
If you experience or suspect any errors with your order, you should contact Phillip Securities Pte Ltd immediately.
What is the cut-off time to place/cancel a MOO Order?
Order has to be submitted and accepted before 9.20am to participate in the random matching.| Singapore/Hong Kong Time | Pre-opening Session | 09:00am – 09:15am |
| No-cancellation Period | 09:15am – 9:20am | |
| Random matching Period | 09:20am – 09:22am |
US
What is the cut-off time to place/cancel a MOO Order?
All order entries/withdrawals after cut off time may be accepted/rejected by the exchange for balancing of the opening/closing order.
All order entries/withdrawals after cut off time will be rejected.
Although these limit prices are set at a level intended to balance the objectives of execution certainty and minimized price risk, there exists a remote possibility that an execution will be delayed or may not take place.
If you experience or suspect any errors with your order, you should contact Phillip Securities Pte Ltd immediately.
Frequently Asked Questions (FAQ)
Your purchasing power will be reduced by 7% accordingly. After the order is cancelled, the frozen purchasing power will be released.
HK MOO orders can be placed on the trading day itself from 9.05am to 9.20am.
NYSE – 2mins before market opens (by 09:28 ET)
US MOO orders can be placed on the trading day itself from 9pm(10pm) onwards till the respective cut-off below
NYSE – 9:28pm(10:28pm)
NASDAQ – 9:28pm(10:28pm)
AMEX – 9:29:55pm(10:29:55pm)
NYSE – 2mins before market opens (by 09:28 ET)
US MOO orders can be placed on the trading day itself from 9pm(10pm) onwards till the respective cut-off below
NYSE – 9:28pm(10:28pm)
NASDAQ – 9:28pm(10:28pm)
AMEX – 9:29:55pm(10:29:55pm)
A Market-On-Open order allows order placement with a defined quantity but without a price. The functions allow a trader to match his trade at random matching period that requires no price setting and enables quick order placement. But it does not guarantee a filled order. Order that is not done during the matching will be cancelled and will not carry forward to continuous trading session.
Market-On-Open (MOO) order seek to execute at the random matching period, but price is not required during order placement and as such, a buy/sell MOO order will be matched at opening price determine during the random matching period.
This will be magnified for illiquid counters that have large bid and ask spreads. There is a lack of control in terms of price precision. In turns, it may lead to overtrading.
This will be magnified for illiquid counters that have large bid and ask spreads. There is a lack of control in terms of price precision. In turns, it may lead to overtrading.
A Limit Order requires a price specification and the trade may or may not fill. A Market-On-Open order does not need a price specification and seeks to execute the trade during the random matching period, opening price respectively. But the trade may or may not fill either. Please note that it is a client’s responsibility to check if the order is filled in the market after order entry. Order that is not done during the matching will be cancelled and will not carry forward to continuous trading session.
No. Market on open (MOO) order are not applicable for new IPO counters or counter that has no indicative price before the start of a trading session. Only Limit Orders are accepted. Market order can start placing during continuous trading session.
A Market-On-Open order, once executed, cannot be rejected and voided as it is a fair and valid trade.
A MOO/Market order, placed before the opening of a market session (subject to respective market’s cut-off time), will try to fill you with the opening price during random matching period. On the other hand, a Market order can only be placed during the Continuous Trading session.
MOO orders placed during a stock suspension will resume its trading status after the suspension is lifted unless otherwise indicated.
Step 1: Under the trade ticket, select “Market-On-Open (MOO) Order” from the dropdown menu under “Order Type” / “Type”
Step 2: Key in your desired Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” button to submit your order
Step 2: Key in your desired Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” button to submit your order
POEMS 2.0
POEMS Mobile 3
POEMS Pro
POEMS Mobile 2.0
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Market-On-Close (MOC)
Available in US and HK market on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS PRO.
Available in US and HK market on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS PRO.
What is a Market-On-Close (MOC) Order?
A MOC order is an order placement with a defined quantity but without a price. It is placed during the market trading session and will be executed at the closing. It is an order to execute at the day’s closing price. But it does not guarantee a filled order. Order that is not done during the matching will be cancelled and will not carry forward to next day.*Disclaimer
The advance order is a convenient online transaction method provided by Phillip Securities Pte Ltd for customers. Phillip Securities Pte Ltd provides as stable service as possible, but we cannot guarantee its absolute reliability. If the advanced order is not executed due to network interruption, server abnormality and other physical factors or any others factors , Phillip Securities Pte Ltd will not be liable for any loss or damage caused thereby.
Hong Kong
What is the cut-off time to place/cancel a MOC Order?
Order has to be submitted and accepted before 4.08pm to participate in the random matching.
Singapore/Hong Kong Time
No Cancellation Period
04.06pm – 04.08pm
12.06pm – 12.08pm
Random Closing Period
04.08pm – 04.10pm
12.08pm – 12.10pm
US
What is the cut-off time to place/cancel a MOC Order?
All order entries/withdrawals after cut off time may be accepted/rejected by the exchange for balancing of the opening/closing order.
All order entries/withdrawals after cut off time will be rejected.
Although these limit prices are set at a level intended to balance the objectives of execution certainty and minimized price risk, there exists a remote possibility that an execution will be delayed or may not take place.
If you experience or suspect any errors with your order, you should contact Phillip Securities Pte Ltd immediately.
What is the cut-off time to place/cancel a MOC Order?
Order has to be submitted and accepted before 4.08pm to participate in the random matching.| Singapore/Hong Kong Time | No Cancellation Period | 04.06pm – 04.08pm | 12.06pm – 12.08pm |
| Random Closing Period | 04.08pm – 04.10pm | 12.08pm – 12.10pm |
US
What is the cut-off time to place/cancel a MOC Order?
All order entries/withdrawals after cut off time may be accepted/rejected by the exchange for balancing of the opening/closing order.
All order entries/withdrawals after cut off time will be rejected.
Although these limit prices are set at a level intended to balance the objectives of execution certainty and minimized price risk, there exists a remote possibility that an execution will be delayed or may not take place.
If you experience or suspect any errors with your order, you should contact Phillip Securities Pte Ltd immediately.
What is the cut-off time to place/cancel a MOC Order?
All order entries/withdrawals after cut off time may be accepted/rejected by the exchange for balancing of the opening/closing order.
All order entries/withdrawals after cut off time will be rejected.
Although these limit prices are set at a level intended to balance the objectives of execution certainty and minimized price risk, there exists a remote possibility that an execution will be delayed or may not take place.
If you experience or suspect any errors with your order, you should contact Phillip Securities Pte Ltd immediately.
Frequently Asked Questions (FAQ)
Your purchasing power will be reduced by 7% accordingly. After the order is cancelled, the frozen purchasing power will be released.
HK MOC orders can be placed on the trading day itself from 9.35am to 4.08pm.
US MOC orders can be placed on the trading day itself from 9pm(10pm) onwards till the respective cut-off below
NYSE – 3:50am(4:50am)
NASDAQ – 3:55am(4:55am)
AMEX – 3:50am(4:50am)
US MOC orders can be placed on the trading day itself from 9pm(10pm) onwards till the respective cut-off below
NYSE – 3:50am(4:50am)
NASDAQ – 3:55am(4:55am)
AMEX – 3:50am(4:50am)
A Market-On-Close order allows order placement with a defined quantity but without a price. The functions allow a trader to match his trade at random closing period that requires no price setting and enables quick order placement. But it does not guarantee a filled order. Order that is not done during the closing period will be cancelled and will not carry forward to next day.
Market-On-Close (MOC) order seek to execute at the random closing period, but price is not required during order placement and as such, a buy/sell MOC order will be matched at closing price determine during the random closing period.
This will be magnified for illiquid counters that have large bid and ask spreads. There is a lack of control in terms of price precision. In turns, it may lead to overtrading.
This will be magnified for illiquid counters that have large bid and ask spreads. There is a lack of control in terms of price precision. In turns, it may lead to overtrading.
A Limit Order requires a price specification and the trade may or may not fill. A Market-On-Close order does not need a price specification and seeks to execute the trade during the random matching period, closing price respectively. But the trade may or may not fill either. Please note that it is a client’s responsibility to check if the order is filled in the market after order entry. Order that is not done during the random closing period will be cancelled and will not carry forward to next day.
No. Market-On-Close (MOC) order are not applicable for new IPO counters before the start of a trading session. Only Limit Orders are accepted. MOC order can start placing during continuous trading session starting from 9.35am onwards on counter that has BID/ASK price available.
A Market-On-Close order, once executed, cannot be rejected and voided as it is a fair and valid trade.
Market-On-Close orders placed during a stock suspension will resume its trading status after the suspension is lifted unless otherwise indicated.
Step 1: Under the trade ticket, select “Market-On-Close (MOC) Order” from the dropdown menu under “Order Type” / “Type”
Step 2: Key in your desired Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” button to submit your order
Step 2: Key in your desired Quantity and other required information
Step 3: Confirm your trade details, then click on the “Buy” or “Sell” button to submit your order
POEMS 2.0
POEMS Mobile 3
POEMS Pro
POEMS Mobile 2.0
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award-winning suite of platforms or open a live trading account today
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Good-Till-Date (GTD)
Available in selected exchanges on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS Pro
Available in selected exchanges on POEMS 2.0, POEMS Mobile 2.0, POEMS Mobile 3 and POEMS Pro
Frequently Asked Questions (FAQ)
GTD orders stay in order book in SGX REACH for the number of days you specify, up to a maximum of 30 calendar days, or until order is filled/ order is cancelled/ stock is delisted/ stock is suspended/ stock has corporate actions.
The calendar day is effective from the day when the order is received by SGX. For example, orders submitted in POEMS platform on Saturday will be release to SGX on the following Monday.
A GTD order that is filled will be displayed as “Done” under the Order Status. You may refer to the table below to check the status of your GTD orders on the respective POEMS platforms.
| Platform | Current Day | Next Day |
|---|---|---|
| POEMS 2.0 | Today’s Orders > Trade Done | Past Orders > GTD Orders (Past 7 days) |
| POEMS Mobile 2.0 | Today Orders | Order History > GTD (Past 7 days) |
| POEMS Mobile 3 | Today > Orders | Trade > Orders > GTD (Past 7 days) |
| POEMS Pro | Order Status > All Orders | Order Status > All Orders |
GTD orders that are in the order book are displayed under the “All Orders or Working Orders” screen in POEMS 2.0 and POEMS Pro and under “Today Orders” in POEMS Mobile 2.0 and POEMS Mobile 3.
GTD orders submitted through POEMS 2.0, POEMS Mobile 2.0 and POEMS Mobile 3 can be amended/withdrawn via all POEMS platforms at any time.
However, for GTD orders submitted through POEMS Pro, we recommend that these orders are amended/withdrawn via POEMS Pro. In cases of urgency, these orders can be amended/withdrawn through all platforms during trading hours only.
To add on, POEMS Pro advanced GTD orders that are yet to be triggered to limit order are only visible and manageable through POEMS Pro. Once triggered to limit order, such orders will be reflected and can be managed across all platforms.
Orders with Good-Till validity will retain their queue priority based on their entry date and time. Currently only order quantity can be adjusted downward, therefore queue position is maintained.
Order is forgotten, order becomes unfavourable when market conditions change.
Higher commission charges if order is partially filled each day.
No. Both these order types are not stored in the order book.
GTD orders are validated against price limit (force-key range) upon order entry. If they are outside the force-key range and the force key indicator is not specified, they will be rejected.
Price limit for GTD orders is same as day orders.
- No charge if order price is within force-key range upon order entry even if order prices are outside the force-key range on subsequent days reload.
- There are force-key charges if order price is outside of force-key range upon order entry, force-key fee charges will not be calculated again on subsequent days reload
- For each force key entered, there will be a deduction of 20 reward points. Depending on the number of rewards points you have accumulated, the following apply:
*You need to have a balance of at least 101 rewards points so you can use up to 25 force keys.Rewards Points Entitlements 0 – 100 No force key 101 – 1000 25 force keys per month* 1001 onwards 50 force keys per month**
**You need to have a balance of at least 1,001 rewards points so you can use up to 50 force keys
For SG counters in specific, GTD order entered prior to ex-date will be purged on ex-date of corporate actions (dividends, rights issues, bonus issues)
Exception: structured warrants will not be purged when there is corporate action declared for the mother share.
Step 1: Under the trade ticket, select your desired order type from the dropdown menu under “Order Type” (note: GTD Orders are only available for Limit Orders on POEMS 2.0)
Step 2: Key in your Limit Price, Quantity and other required information
Step 3: Under “Validity” / “Duration”, select “GTD” and indicate your desired GTD
Step 5: Confirm your trade details, then click on the “Buy” or “Sell” / “Submit” button to submit your order
Step 2: Key in your Limit Price, Quantity and other required information
Step 3: Under “Validity” / “Duration”, select “GTD” and indicate your desired GTD
Step 5: Confirm your trade details, then click on the “Buy” or “Sell” / “Submit” button to submit your order
POEMS 2.0
POEMS Mobile 2.0
POEMS Mobile 3
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Fill-Or-Kill (FOK)
Available in SGX only on POEMS Pro
Available in SGX only on POEMS Pro
Frequently Asked Questions (FAQ)
Step 1: Under the trade ticket, click on the dropdown menu under “Type”
Step 2: Select your desired order type
Step 3: Key in your Limit Price, Quantity and other required information
Step 4: Under “Duration”, select “FOK”
Step 5: Confirm your trade details, then click on the “Submit” button
Step 2: Select your desired order type
Step 3: Key in your Limit Price, Quantity and other required information
Step 4: Under “Duration”, select “FOK”
Step 5: Confirm your trade details, then click on the “Submit” button
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Immediate-Or-Cancel (IOC)
Available in SGX only on POEMS Pro
Available in SGX only on POEMS Pro
Frequently Asked Questions (FAQ)
Step 1: Under the trade ticket, click on the dropdown menu under “Type”
Step 2: Select your desired order type
Step 3: Key in your Limit Price, Quantity and other required information
Step 4: Under “Duration”, select “IOC”
Step 5: Confirm your trade details, then click on the “Submit” button
Step 2: Select your desired order type
Step 3: Key in your Limit Price, Quantity and other required information
Step 4: Under “Duration”, select “IOC”
Step 5: Confirm your trade details, then click on the “Submit” button
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award-winning suite of platforms or open a live trading account today
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award-winning suite of platforms or open a live trading account today
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