moomoo MY Help Center-What is the Time-in-force
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What is the Time-in-force

For the order period, investors can choose the order validity period Time-in-force when placing an order. Choices include Day, Good-Til-Canceled, Good-Til-Date.

 

1. Day

The order is valid until the day of closing, and unfilled orders will be cancelled after closing (17:00 MYT).

 

2. Good-Til-Canceled

2.1 The order will continue to be effective until the order is fully executed, cancelled or the order fails. Investors can place a pending order at an ideal price in advance.

2.2 Attention:

● Orders that have not been completed on the day will be cancelled after the close auction session (17:00 MYT), when the Opening Routine starts on the next trading day (8:30 MYT), they will be re-queued and resubmitted as limit orders to Exchanges, participate in Pre-opening session.

Please note: If the order price exceeds the Static Price Limits at the time of buying or selling at the time of submission to the exchange, the order will be rejected by the exchange and become invalid, and the customers will need to place an order again.

● The maximum order period is maintained at 90 natural days, and orders will be automatically cancelled after the deadline.

 

3. Good-Til-Date

3.1 The order will remain active until the market close of a specified date, unless it fails or is fully filled or cancelled. If the specified date is a non-trading day and the order remains unfilled, it will be cancelled automatically after the market closes on the last trading day prior to the specified date.

3.2 Attention:

● Orders that have not been completed on the day will be cancelled after the close auction session (17:00 MYT), when the Opening Routine starts on the next trading day (8:30 MYT), they will be re-queued and resubmitted as limit orders to Exchanges, participate in Pre-opening session.

Please note: If the order price exceeds the Static Price Limits at the time of buying or selling at the time of submission to the exchange, the order will be rejected by the exchange and become invalid, and the customers will need to place an order again.