moomoo MY Help Center-At-auction limit order
English
Back
Log in to access Online Inquiry
Back to the Top

At-auction limit order

1. Early Market At-auction Limit Order

1.1 Available Time

Investors can place orders from 16:10 on the trading day to 9:22 on the next trading day. At-auction Limit Orders placed before 9:00 on the trading day will be saved by Moomoo Securities Malaysia Sdn. Bhd.'s trading system. Submit to the exchange.

1.2 Matching Time

9:20 - 9:28 finish random matching

1.3 Description and precautions

● Cannot be changed or cancelled after 9:15.

● Auction limit orders are matched in the order in which they are placed.

● An at-auction limit order is a limit order with a specified price. After order matching in the POS, unfilled at-auction limit orders with input price not deviating 9 times or more from the nominal price will be converted to limit orders and carried forward to the Morning Trading Session.

● A two-stage price limit mechanism is applied to control the price of at-auction limit orders (i.e. at-auction orders and manual transactions are not subject to these price limits) which are input during the POS. In the absence of a previous closing price (e.g. for IPO stocks) or for stocks resuming from trading suspension, the price limit checking will be not be applied for the Order Input Period.

● POS covers only equities (including depository receipts, investment companies, preference shares and stapled securities), funds (including Exchange Traded Funds (ETFs) and REITs) and leveraged and inverse products (L&I Products) (together the 「POS Securities」). Debt securities, structured products (including Derivative Warrants (DWs), Callable Bull/Bear Contracts (CBBCs) and Inline Warrants (IWs)), equity warrants and rights are not covered by the POS. Order input on these non-POS Securities during the POS will be rejected.

 

2. Closing At-aution Limit Order

2.1 Available Time

16:01 - 16:10 (of which 16:08 - 16:10 is a random closing period, if the market has been closed, you cannot place an order).

2.2 Matching Time

16:08 - 16:10

2.3 Instructions and precautions

● All auction limit orders cannot be changed or cancelled after 16:06

● The price of the auction limit order shall not be higher than the nominal price * 9 or lower than the nominal price * 0.1

● Auction limit orders are matched in the order in which they are placed

● Unfilled limit orders in the continuous trading session in the afternoon will be automatically transferred to the closing auction.

● Any unsold auction limit orders will be automatically cancelled after the random closing

For more details about the closing auction, please refer to the information of the Hong Kong Stock Exchange.

Disclaimer
 
The At-aution Limit Order is a convenient transaction method provided by Moomoo Securities Malaysia Sdn. Bhd. for customers. Moomoo Securities Malaysia Sdn. Bhd. provides stable services as much as possible, but it cannot guarantee its absolute reliability. If there are other physical factors such as network interruption and server abnormality that result in the At-aution limit order not being executed, Moomoo Securities Malaysia Sdn. Bhd. will not be liable for any loss or damage caused thereby.