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協助及指引

協助及指引

    What is “Price-Order Triggering”?

    What is “Price-Order Triggering”?

    “Price-Order Triggering” a combination strategy tool, suitable for trading warrants and CBBCs. This order can be triggered by tracking the prices of related stocks or index of warrants or CBBCs. Investors can customize the trigger conditions and commission settings. When the tracked stock or index reaches the specified price and market conditions, the smart order will be triggered.

     

    Instruction

    Suppose you want to buy a warrant or CBBC and believe it has a strong correlation with its stock, you may use the “Smart Order” – “Price-Order Triggering” combination strategy.

     

    Let's look at the steps:

     

    STEP 1 Select stock

    Enter the warrant or CBBC for “Price-Order Triggering”. Choosing “Own Price” in “Track Price” column, the order will be triggered by the price of the warrant or CBBC. Choosing “Related Asset Prices” in “Track Price” column, the order will be triggered by the price of the related stock. After the system recognizes the warrant or CBBC, the default tracking asset is “Related Asset Prices” and the quotes of the CBBC and the related stock price will be displayed.

    STEP 2 Set a conditional point 

    Set the price, the order will be triggered when the tracking asset reaches the set price only.

     

    Set bid & ask condition. This item is not required, it is deemed that there is no requirement for trading if you leave it blank. Otherwise, the order will be triggered when the bid & ask quantity meet the requirements.

     

    Bid & ask condition can choose to meet any one of the conditions, or both at the same time.

     

     

    STEP 3 Set the condition

    Select direction and order type.

    For order type, you may choose enhance limit order or market order. To select an enhanced limit order, you need to manually enter the commission price and the commission will be based on the set price after the order is triggered. To select a market order, the commission will be based on the market price after the order is triggered.

    Set the Quantity

     

     

    STEP 4 Select effective time and place order

    For the valid date, same day/ 2 days/ 3 days/ 1 week/ 2 weeks/ 30 days/ 60 days/ 90 days are available, and can be extended by changing the order.

     

    Click unlock to trade and submit order. The submitted order can be viewed under the smart order page, and the order can be modified as needed.

     

     

     

    Order time

    Anytime

    Order valid date

    Same day/ 2 days/ 3 days/ 1 week/ 2 weeks/ 30 days/ 60 days/ 90 days are available, and can be extended by changing the order.

     

    - 條件單一經觸發,客戶預先設定的買賣指令即會作為有效指令送至交易所。客戶作為指令發出人,需自行承擔所有與指令有關的全部責任。盈立證券有限公司 (「盈立證券」)不會就任何由此直接或間接產生的損害或賠償或損失利潤對客戶承擔任何責任。
    - 當股票價格/指數水平觸及客戶預先設定的觸發條件時,條件單將有機會因客戶當時賬戶內的持倉、資金、購買力及/或融資額度等未能符合要求,而令系統無法將預先設定的買賣指令,送至交易所內執行。盈立證券一概不會負責或保證客戶預先設定的買賣指令一定可以被送到交易所內執行。因此,在設定條件單前,客戶應確認觸發的股票價格/指數水平,也應確認賬戶內的持倉、資金、購買力及/或融資額度是否已符合相關要求,以避免觸發後,因未能符合要求而無法將買賣指令送到交易所內執行。
    - 當設定條件單時,客戶同時須要注意設定的觸發價格或委託價,可能因盈立證券內部風險管理、不同種類的買賣盤機制或距離市場實時價位的限制等因素,出現盈立證券無法接受有關條件單或買賣指令無法送到交易所內執行的情況。所以,客戶設定條件單前,應先確認條件單當中所有詳情為正確及了解市場實時的狀況及股票的波動。
    - 條件單是依據基本的市場規則和運作而制定。因此,客戶在設定條件單前,應先清楚了解條件單內的功能、特性、操作重點和相關風險。因條件單使用方法較一般買賣指令複雜,建議客戶先清楚了解條件單的功能和運作後,才決定應否設定條件單及如何設定條件單。客戶須自行承擔設定條件單後的所有風險及因設定條件單而引致的任何直接或間接損失,包括但不限於不了解執行邏輯、大量買入股數的控制變量、錯誤輸入觸發價格或委託價或其他個人操作失誤。客戶應謹慎操作,避免承擔損失。
    - 在使用條件單的過程中,可能因系統故障、網絡問題或其他盈立證券無法合理控制的等原因,導致條件單功能可能會出現誤差或延遲,包括但不限於條件單未準確觸發、誤觸發、到價未觸發和到期限未觸發等情況。盈立證券不負責任何因上述問題而導致的任何直接或間接損失。
    - 由於電子化交易的特點,因此,客戶確認明白使用條件單成功執行的買賣指令有時候可能會出現與客戶預先設定的買賣指令不一致。最後成交結果以交易所的交易結果為準,客戶須自行承擔相關後果和責任。
    - 如果因為互聯網或流動電話網絡之通訊系統,出現故障、機房或服務器遭到破壞或負載過重,或受到網絡黑客、病毒的攻擊、入侵等原因,導致買賣交易出現延遲、停頓、中斷、誤差或系統接收出現錯誤信息,令條件單不能觸發全部或部分的條件,由此產生的直接或間接的損失,盈立證券皆不會承擔任何責任。