Conditional Order

  This function provides customers with the ways of order placement which are more convenient and flexible than the usual one. There are two kinds

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Conditional Order

 

This function provides customers with the ways of order placement which are more convenient and flexible than the usual one. There are two kinds of the conditional orders:

Time Conditional Order (TCO)

This kind of order allows customer to place orders before the trading session from one to several days with defined volume and price

The steps to set the Time conditional order:

Step 1: Click on tab “Conditional Orders”=>” Time Conditional Order"=>Click on Buy/Sell button

Step 2: Fill in the blank with information of Conditional Order

  • Enter the security code. Use the Tab, enter key or mouse to move across the fields.
  • Enter the quantity of stocks to the field “ Volume”
  • Enter price of stock
  • Choose the effective date
  • Select Matching type
  • Sending only one order:  If the customers tick on this item, their orders will be sent to the stock exchange only one time once these orders meet full conditions (price, volume, margin rate, effective date…)
  • Sending orders until full matching:  If the customers choose this item, the system will send and resend the orders to the stock exchange when the orders meet full condition (price, volume, margin rate, effective date…) until matching enough placed volume.

The screen will appear as below:

Step 3: After enter the order information completely, customers enter Pin/token to confirm order.This screen will appear as below:

 

Priority orders (PRO)

The priority order helps customer to actively place a competitive order of buying or selling for a particular trading day. On the effective date, the system will automatically switch the prices of the order among sessions so that the order always has the first priority in prices.

For example: with the stock on HOSE, session 1, SSI system automatically updates the price of the order to “ATO” for the first priority in price; at the second session, the system automatically changes the price of order into the ceiling price for the buy order and floor price for sell order; at the third session, the system automatically changes the price into “ATC” etc.

To make a priority order, you go to the menu "condition order"=> "Priority Order (PRO)=>BUY/SELL
  • Enter the security code and volume of selling or buying.
  • Enter the effective date: Customers can enter the date that you want to make a priority order into the box named "By date" or click on the icon of calendar.
  • Select the button named “Place order” and enter the Pin code/token to confirm the order.

The screen will appear as below:

Stop loss Order (ST)

Stop Order allows customer to sell stock at the defined price to protect gains or limit losses in the future.

  • Click on menu “Conditional Order” =>“Stop loss Order” 
  • Click on menu “Conditional Order” =>“Stop loss Order”
  • Click on menu “Conditional Order” =>“Stop loss Order”
  • Setting the lock in point for taking profit or cutting loss:
    • Take profit: the selling price is set higher than the average purchase price an absolute value or the percentage value.
    • Cut loss: the selling price is set lower than the average purchase price an absolute value or the percentage value.
  • Enter the “Effective date”: the customers enter the effective date of the selling order in the box named "From date", "To date" or click on the icon of calendar.
  • Select the button named “Place order” and enter the Pin code/token to confirm the order.

The screen will appear as below:

Trailing Stop Order (TS)

The trailing Stop order  will help customers to avoid the influence of emotions in investment decisions. Customers can buy stock with the price as cheap as possible or sell stock to protect gain in a continuously up and down trend of the market

The prices of Trailing stop Order:

  • Market price (MP): is the last matching price of the stock. In the case there is no matched order in the market, the market price will be the reference price.
  • Trigger Price (TP): is used for comparison with the market price to determine if the conditions of price of the order are satisfied or not.
  • Price order (OP): The price of the order which is sent to the stock exchange when the conditional order is met the condition

Trailing Stop Buy Order

This order will help customers to buy stocks with the price as cheap as possible in the prediction of a down trend market in order to maximize customer’s profitability.

For example: Customer set spread by absolute value (meaning the difference between purchase price and current market price) at 30.000VND/share. Supposed that market price reach 150.000 VND/share, trigger price will be determined as 180,000 VND/share. if market price continue falling to 70,000 VND/share, trigger price will be 100,000 VND/share. At this time, if the market suddenly surges, trigger price will remain at 100,000 dong/share.When market price reach 110,000 dong/share, trigger price will be 100,000 dong/share and buying order will be placed at trigger price of 100,000 dong/share (Buying order will be placed when market price is equal or exceed trigger price)

The screen will appear as below:

Click on “conditional orders” =>“Trailing stop order” => BUY

  • Enter the security code and the volume.
  • Click on “Absoluted - value interval” or “Spread in percentage”
  • Absoluted - value interval: the buying price is set higher than the market price a certain value
  • Spread in percentage: the buying price is set higher than the market price a certain percentage.
  • Enter the “Min price”: is the lowest value of trigger price. When the trigger price is adjusted lower than the min price, the order will be activated to send to the stock exchange with the min price.
  • Select the button named “Place order” and enter the Pin code/token to confirm the order.

The screen will appear as below:

Trailing Stop Sell Order

This order allows customer to protect their potential profit when the market price goes up.

For example: Customer set spread by absolute value (meaning the difference between current market price and trigger price) at 30.000VND/share. Supposed that market price reach 100.000 VND/share, trigger price will be determined as 65,000 VND/share. if market is in uptrend and market price of share reach 155,000 VND/share, trigger price will be 120,000 VND/share. If the market suddenly falls down then, the market price down at 120.000 VND, trigger price will remain at 120,000 VND/share(equal to the current maket price). At this time, the selling order will be place at trigger price of 120.000 VND/share (Selling order will be placed when market price is equal or below trigger price)

The screen shows the Trailing stop sell order:

Click on “conditional orders”=> “Trailing stop order”=> SELL

  • Enter the security code and the volume.
  • Click on “Absoluted-value interval” or “Spread in percentage”
  • Absoluted-value interval: customers set the selling price which is lower than the market price a certain value
  • Spread in percentage: customers set the selling price which is lower than the market price a certain percentage value
  • Enter the “Max price”: is the highest value of trigger price. When the trigger price is adjusted higher than the max price, the order will be activated to send to the stock exchange with the max price..
  • Enter the “Effective date”: the customers enter the effective date of the selling order in the box named "From date", "To date" or click on the icon of calendar.
  • Select the button named “Place order” and enter the Pin code/token to confirm the order.

The screen will appear as below:

Conditional order Management

This function helps customers to check and manage information and status of the order completely. Customers can look up information of the orders by stock code, type of the orders, the status of the order, the placing time of the order etc.

Click on menu “Conditional Order”=> "Order Management". The screen will appear as below:

Status of the Conditional Order:

  • Wait for reaching conditions: the order has been sent to the SSI system, but has not been sent into the HOSE/HNX because it was not met the conditions such as the effective date, the prices, etc.). Customers can cancel or amend their orders.
  • Wait for sending order: the order has met the conditions of the effective date, it is in the queue to send to the stock exchange once the other conditions are reached (conditions of price, stock balance, cash balance, etc.). Customers can cancel the condition order.
  • Sent to stock exchange: the order has met all the conditions of the effective date, price, stock balance, cash balance, etc. and has been sent to the stock exchange. If it is not matched, customer can cancel it.
  • Matched/Partial cancel: When the order has been matched partially and the remaining has been canceled successful.
  • Partial matched/Wait for full matched: The order was matched partially. Customer can cancel the remaining.
  • Matched: the order has been matched enough the placed volume. Customer can not cancel the order.
  • Cancelled: the order has been successfully canceled.

Status of the real order

The arising orders: When the conditional orders reaches all the conditions (price, the effective date, etc.), it will arise a real order sent to the stock exchange. The nature of this order is the same as a common order.

Customers can check the status of arising orders by two ways:

Method 1: Click on the menu "Transactions" to "Order Status"

The screen is as follows

Method 2: Go to the menu "Condition Order"=>"Order Management" => click on the link “view” at column named "order arising".

The screen is as follows:

The status of the arising orders:

  • Pending matched: The order has been sent to the stock exchange but not matched. Customer can cancel this order.
  • Partial matched: The order has been matched partly, waiting for full matching. Customers can cancel the remaining.
  • Matched/partial cancel: The order has been matched partly, the remaining has been canceled.
  • Cancel: The order has not been matched and successfully canceled
  • Matched: The order has been full matched

Edit/Cancel the conditional order

Edit the conditional order

Regulation of editing the condition orders:

  • Only conditional orders which are in the status “Wait for reaching conditions” are allowed to edit
  • Can not edit the type of conditional orders
  • Customer can edit the type of buying or selling order; stock code; volume; price and other parameters of that condition order.

Edit the condition order

Go to the menu “conditional order" >> "Order Management” >> click on the EDIT button in the column named “action”; the edit screen will be shown on. Customers enter the edited information, click on "Edit" and enter the pin code/token to confirm the corrected order

The screen is as follows

Cancel the conditional order

To cancel conditional orders, customers open the "Order Management" screen of the menu "Conditional Orders" as follows:

  • You only can cancel the order with the status of “Wait for reaching conditions” or “Wait for sending order”
  • Go to the menu “Conditional order" => "Order Management" and click to the CANCEL button, the screen will be shown on. Customers enter the pin code/token to confirm the cancel order.

The screen is as follows:

Note: The order cancelation from the screen "Order Status" is only effected on the arising orders, not the conditional orders. The conditional order can arise many other arising orders in many days basing on the conditions that customers configured.

 

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