What are the different types of orders I can place with my International Shares Account?

There are six different types of orders that can be placed with an International Shares Account. These are:

Order type Definition

Market

An order to be executed at the best available market price. Market orders can only be placed during the respective market's opening hours. If you wish to trade outside market hours, you may opt to place a limit order.

Limit

An order to buy or sell a security at, or better than, a specified price.

Stop

An order to be executed at the best available market price if the market reaches a specific price.

Stop-Limit

An order that will be executed at a specific price, or a better price, after a stop price has been reached. Once the stop price has been triggered, the order will become a limit order.

Market on close

An order that is scheduled to trade at the close, at the best available price.

Limit on close

An order that is scheduled to trade at the close of the market, or at a better price than specified.


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