📝Order
Securities order overview
Price (x1000): the unit price is 1,000 VND. For example, to set a price of 124,300 VND, you enter 124.3.
Maximum Quantity: the system automatically calculates the maximum allowed Buy/Sell volume of the stock based on the Buying Power and the Order Price.
Margin Ratio: is the percentage of Profit/Loss temporarily calculated based on the Order Price and Cost Price of the ticker ordered to be sold.
Total Amount: is the temporary value of the order including fees.
Types of Securities order
1. Normal Order
2. Condition Order
🎯 Concepts
Condition order is a type of order when placed with conditions. After completing the order placement, the order is in the status of Waiting for activation. The order is only activated and pushed to the exchange when the set conditions are met.
Types of conditional commands that Rong Viet's system is supporting: Up order and Down order.
🎯 Definition
Market Price is the Market Price at the time of placing the order. At the beginning of the day, when there is no nearest matching price, the Market Price will be determined as the Reference Price.
Trigger Price is a pre-determined price to compare with the Market Price, when the Trigger Price meets the conditions, the order will be pushed to the exchange with the Order Price.
Order Price is the price that will be pushed to the exchange when the order meets the set conditions.
Conditional order will be triggered if the condition is met only in Continuous Session for all Exchanges.
Types of orders to be placed: (1) HOSE exchange: LO, MP; (2) HNX exchange: LO, MTL, MOK, MAK; (3) UPCOM exchange: LO.
When placing Condition Orders with GTD Orders:
✔ In case of partial or full match: the order will expire on the same day.
✔ In case of unmatched: the order will be maintained until the selected effective date if it still meets the requirements of Bying Power (for Buy orders), Price.
Cancel/ Modify Conditional Orders according to the regulations Cancel/ Modify according to the session of each Exchange.
✔ In case of partial or full match: the order will expire on the same day.
✔ In case of unmatched: the order will be maintained until the selected effective date if it still meets the requirements of Bying Power (for Buy orders), Price.
GTD Order
Up/Down Order
🎯Condition Order - Up
Rules for placing orders
✅ The Trigger Price must be greater than the Market Price at the time of placing the order.
✅ As soon as the Market Price increases equal to or greater than the Trigger Price, the order will be activated and pushed to the exchange with the Order Price.
Example
✔ On 27/07/2023, when Market Price is 15, place BUY order VDS, Volume 100, Order type LO, Order Price 15.1, Trigger Price price 15.05.
✔ When Market Price increases from 15 to equal to or higher than 15.05, an order to buy 100 VDS shares will be activated to push to the exchange with the Order Price 15.1.
🎯Condition Order - Down
Rules for placing orders
✅ The Trigger Price must be less than the Market Price at the time of placing the order. ✅ As soon as the Market Price falls equal to or less than the Trigger Price, the order will be activated and pushed to the exchange with the Order Price.
Example
✔ On 27/07/2023, when Market Price is 15, place SELL order VDS, Volume 100, Order type LO, Order Price 14.9, Trigger Price 14.95.
✔ When the Market Price drops from 15 to equal or less than 14.95, an order to sell 100 VDS shares will be activated to push to the exchange with the Order Price 14.9.
3. Special Order
Special Order includes many orders to Buy/Sell 1 stock with:
The quantity gradually increases or stays unchanged compared to the original volume.
Price Ascending / Descending from Initial Price.
4. Buy all/Sell all Order
Buy All Order
Buy all Order: Buy 1 ticker for many/all accounts.
Sell All Order
Sell all Order: Sell many/all tickers of many/all accounts.
5. Put - through Order
Put-through Order Overview
Advertisement Order
Confirmation Order
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