Conditional Orders

1. Conditional Orders can be placed at any time of the day (before, during and after trading session). The system does not check cash & stock balance at time of placing orders. When the order satisfies the conditions of activation, the system will check cash & stock balance and other conditions as normal order.

2. The order is only valid during selected validity period (currently maximum 1 month). With derivatives contracts, the order will automatically expire if the expiration date of the contract passes.

3. The market price to be used as a basis for triggering order will only be recorded in the continuous order matching session and starts to be recorded since the customer places the order, excluding the price of the periodic order matching session.

4. When the trigger condition is satisfied, orders which have price is market price will be sent on the continuous trading session according to the trading regulations.

5. Conditional orders will be activated when the time, price and other normal order conditions are satisfied. In addition, the system has 2 timelines to check the conditions for activating orders in the beginning of morning/afternoon session at 8:30 AM and 1:00 PM. At these timelines, the system will activate time conditional orders according to effective date, or generate orders which need to be renewed through the day.

6. DO NOT SUPPORT TO AMEND COOs & Orders generated from COOs on iBoard. Customers can cancel and place again (if any). Modifying orders arising from conditional orders on other channels will NOT change the parameters of original conditional order. 

7. Once canceling a COO, the system will cancel the generated order simultaneously (if the order is fully filled or partially filled). Conversely, once canceling the arising order, the original conditional one will be also automatically canceled. ATO/ATC Session: DO NOT SUPPORT to cancel COOs (orders which are in activated status).

8. In case there is an event of rights or exchange change to adjust the price of the stocks, on the ex-rights date or the exchange change date, the valid conditional orders will be automatically canceled to avoid being affected by price change.

9. With OCO and Stop Loss/Take Profit Orders, when the market price hits the stop loss price, the take profit order will be canceled, the stop loss order will be activated with the unmatched volume of the previous take profit order. The status of the order switch to completed when it is fully matched, or expired.

1. Choose Trading > Equities > click Place Order tab  > Conditional Order > input equity/derivative stock code, account and Buy/Sell

2. Choose conditional order type and input corresponding information

3. Order validity period:

4. Trigger type:

5. Place order and check order book information

CONDITIONAL ORDER BOOKS

1. Choose Trading > Equities > Order book > Condition Order

2. Order status including:

3. At the Conditional Order book screen, click on each Order to view detail of activated orders

Conditional order activation details

4. Select  “ Conditional order activation details” or Select  “Deactivate contdtional order” >> to cancel COOs

5. Dispaly detail of activated orders: Quantity, Price, Status, Time

Original conditional order book

1. Choose Trading > Equities > Order book > Normal Order

2. At the Normal Order Screen, click icon at the status column to view the Original conditional order book detail

GTD (GOOD TILL DATE)

GTD (Good till date) are Buy/Sell orders which are effective from 1 to many days with pre-defined volume and price, and will be valid until the orders and fully filled or be expired

Instruction of placing order:

1. Price: Limit Price

2. Choose Effective date & Expiration date:

Orders with multi-day validity will be activated at 8:30 a.m daily if the conditions on price, stock balance and purchasing power are satisfied. In the trading session of the effective date, the order will be activated immediately after placing.

3. Trigger type: Sending orders until full matching

Example

On 06/04/2023, customer A wants to sell 1000 SSI with price 26. He places GTD with Price 26, Volume 1000, Effective Date 06/04/2023, Expiration Date 05/05/2023 (23:59) 

STOP – STOP WITH MARKET ORDER

STOP (STOP with Market Order) are Buy/Sell orders with market price and pre-defined trigger price at the time of placing orders. The order is activated when the price & balance conditions are satisfied during the continuous execution session. In case the order satisfies the price condition but does not satisfy other conditions, at 1:00 PM during the day, the system will re-check the activation condition with the target trigger price again.

Instruction of placing order:

1. Choose trigger condition: ≥ or ≤  trigger price

2. Trigger Price: The price that determines the trigger point of STOP Order

3. Price: MP (MP for HOSE – equity, MTL for HNX equity)

4. Choose Effective date & Expiration date

5. Trigger type: Sending only one order or sending orders until full matching

Note: STOP order is not supported for stocks on UPCOM exchange

Example:

Customer A owns 1000 SSI and does not have much time to monitor the market, wants to take profit at the price of 25. The current market price of SSI is 23, the customer places a STOP order with the following parameters:

  Trigger price ≥ 25    Volume: 1000

   Price: MP   Trigger Price: Sending orders until full matching

  Effective date: 10/04/2023  Expiration date  : 17/04/2023

Supposed that after customer places order, the market price of the SSI changes as follows: 

When Market Price ≥ 25, order will be triggered, order status is changed to Acitvated. Sell Order SSI volume 1000 price MP is automatically sent to the system

→ Therefore, the STOP order helped customers automatically take profits at the desired price without having to closely monitor the market price movement.

STOP LIMIT – STOP WITH LIMIT ORDER

Stop Limit (Stop with Limit Order ) are Buy/Sell orders with price order is limit order and pre-defined trigger price at the time of placing orders.

 The order is activated when the price & balance conditions are satisfied during the continuous execution session. In case the order satisfies the price condition but does not satisfy other conditions, at 1:00 PM during the day, the system will re-check the activation condition with the trigger price.

User guide

1. Choose trigger condition: ≥ or ≤  trigger price

2. Trigger Price: The price that determines the trigger point of Stop Order

3. Price: Limit order

4. Choose Effective date & Expiration date

5. Trigger type: Sending only one order or sending orders until full matching

Example

SSI is trading at the price 25, customer A predicts the market has a downtrend and wants to buy into SSI with the expected price < 23, customer A places a Stop Limit order with the following parameters:

  Trigger Price: ≤ 23  Volume: 1000

  Order Price: 22.9  Trigger Type: sending orders until full matching

  Effective date: 10/04/2023  Expiration date: 17/04/2023 

Supposed that after customer places order, the market price of the SSI changes as follows: 

At the first time (T1): Initial trigger price = Market Price + Trailing Amount = 83

At subsequent times (T2-T3), the market price decreases => trigger price decreases corresponding = MIN (Market Price + Trailing Amount, Previous Trigger Price)

At the fourth and fifth time (T4-T5), the market price increases then decreases but the new bottom point has not been created => trigger price remains unchanged

The market price continues to fluctuate until the market price hits the trigger price (T10) at the price of 60, the order is activated with price = market price as MP, the status of conditional order switches to Activated

→ Therefore, the Trailing STOP Buy Order helped customers achieve optimal point to buy when the market reverses with the principle of automatic slippage at the market price by a predetermined amount

TRAILING STOP SELL ORDER

Example

The current market price of MWG is 65 . Customer predicts that market price will increase and expects to sell MWG at the most optimal price that follow the trend of the market closely. Customer can place conditional order as follows:

When placing order (T1): Initial trigger price = Market Price + Trailing Amount = 105

                     Initial Price = Initial trigger price + Toler = 107

At subsequent times (T2-T3), the market price decreases => trigger price decreases corresponding = MIN (Market Price + Trailing Amount, Previous Trigger Price)

At the fourth and fifth time (T4-T5), the market price increases then decreases but the new bottom point has not been created => trigger price remains unchanged

The market price continues to fluctuate until the market price hits the trigger price (T10) at the price of 75, the order is activated with price = trigger price + toler = 77, the status of conditional order switches to activated

→ Therefore, the Trailing STOP Limit Buy Order helped customers achieve optimal point to buy when the market reverses with the principle of automatic slippage at the market price by a predetermined amount

TRAILING STOP LIMIT SELL ORDER

The current market price of FPT is 65 . Customer predicts that market price will increase and expects to sell FPT at the most best price that follow the trend of the market closely and optimize matching opportunity. Customer can place conditional order as follows:

OCO (ONE CANCELS THE OTHER)

OCO (One-cancels-the-other) is a pair of take profit and auto STOP loss orders at the pre-defined prices. If the take profit order is successfully triggered, when the market price hits the stop loss price, the take profit order will be canceled, the stop loss order will be activated with the unmatched volume of the previous take profit order.

- For stocks: Continue to send stop loss order at 8:30 AM

- For derivatives contracts:  Continue to send take profit order at 8:30 AM and check stop-loss conditions

Instructions for Placing order

Take Profit Price: Limit Price for the main order to take profit

Cut Loss Price: Trigger price for the attached order to cut loss

Toler: The amount of addition/deduction to the preset stop-loss Price and is used to adjust the stop-Loss Price to increase of matching opportunity:

Choose Effective Date & Expiration Date

Note: OCO is completed when the Take profit order is fully matched, or the Cut Loss order is activated

Example

Customer A owns FPT at 64, expects to sell FPT at the take profit at 68, cut loss at 62

Customer A will place OCO including take profit 68, cut loss 62, Toler 0.5

After placing order, on the conditional order’s screen, the conditional order will have status Activated:

→ Therefore, OCO orders with pre-set take profit and stop loss ranges will help customers maximize profits and minimize risks in the investment process.

1. Main order: Limit Buy/Sell order and will be the basis for generating conditional orders. If effective date is current date, orders placed from 8:30 AM to the end of trading session (HOSE, HNX exchange and Derivatives: 2:45 PM, UPCOM exchange: 3:00 PM) will be activated immediately after placing. Orders placed outside the above period or selected for multi-day validity will be activated at 8:30 AM daily if the conditions of cash balance, securities and purchasing power and other conditions as for normal orders are satisfied. In case the order satisfies the price condition but does not satisfy other conditions, at 1:00 PM during the day, the system will check the activation conditions with the target trigger price again.

2. Attached order to Take Profit: Limit Buy/Sell order in the opposite direction to the main order to take profit at the expected price

3. Attached order to Stop Loss: Limit Buy/Sell order in the opposite direction to the main order to stop loss

When Main order (1) BUY is fully matched with Volume 1000, attached order (2) SELL to take profit is automatically triggered with order price 24

→ Therefore, with the STOP Loss/Take Profit order, customers can both place new buy orders/buy to increase quantity, manage the investment with pre-set take-profit/stop-loss levels.