FAQs

What is a Market Order?

A Market Order is an order to buy or sell a stock at the market price. You do not need to set a limit price and your order will be executed at best available market price at time of execution.

Can I place a Market Order when the market is closed?

Hong Kong Market: Market Order will only be accepted during Hong Kong Stock Exchange's Continuous Trading Session (09:30 am - 12:00 pm and 1:00 pm to 4:00 pm HKT).

US Market: Market Order will only be accepted during normal trading hours (9:30 am - 4:00 pm US Eastern Time) of stock exchanges in US.

Other Markets: Market Order can be inputted any time.

Any "Good Till Date" options?

No. Only "One Day Order" for "Market Order" is available.

How much fund will be withheld for my Market Buy Order?

When placing a Market Buy Order, fund will be withheld based on the "Upper Limit Price". The excess fund withheld will be released after the order is executed.

For Hong Kong and US markets, the "Upper Limit Price" is based on the stock's current 'ask' price plus certain spreads determined by BOOM from time to time.

For other markets, the "Upper Limit Price" is based on the stock's previous closing price plus its "daily maximum price fluctuation", which is determined by the respective stock exchange(s).

What if I do not have enough buying power to place a Market Buy Order?

If you do not have enough buying power to place a Market Buy Order, you can reduce the quantity. Our system will calculate the maximum number of shares you may place a Market Buy Order for your reference.

Alternatively, you may place a Limit Buy Order. If your Limit Price is higher than the current ask price, your order will be executed at the best price in the market - just like placing a Market Buy Order.

How do I place an order to execute at market price if Market Order is not an available order type?

You can still place an order to execute at market price, even if Market Order is not an available order type for that market.

To BUY: Place a Buy Limit Order with a Limit Price higher than the current ask price.

To SELL: Place a Sell Limit Order with a Limit Price lower than the current bid price.

Example: If you want to sell a stock currently trading at $20, by placing a Sell Limit Order of $18, your order will be executed at any price higher than or equal to $18.

Points to Note

Market Order Features and Constraints

1. The final execution price of your Market Order may differ from the nominal price at the time of order placement, especially for illiquid stocks and/or at the beginning of a trading session due to orders accumulated that need to be handled.
2. Depending on the market conditions, your Market Order may be partially executed or may not be executed if there is not enough stock available to fill your order.
3. Market Order for Hong Kong market will only be accepted and processed during Hong Kong Stock Exchange's Continuous Trading Session (9:30 am - 12:00 pm and 1:00 pm to 4:00 pm HKT).
4. Market Order for US markets will only be accepted during normal trading hours (9:30 am - 4:00 pm US Eastern Time) of stock exchanges in US.
5. Market Order for all other markets can be inputted any time.
6. Your Market Order can only be valid for one day (i.e. One Day Order).
7. Odd lot quantities are not acceptable for Market Buy Order.
8. Amendment of Market Order is not allowed. If you want to modify a Market Buy Order or Market Sell Order, you must cancel it first and then setup another order.
9. Market Buy Order is only applicable to stocks traded in Hong Kong, US, Indonesia, Japan, Korea, Malaysia, the Philippines, Shanghai-B, Shenzhen-B, Taiwan and Thailand markets.
10. Market Sell Order is applicable to stocks traded in any markets we currently offer.
11. Illiquid stocks and suspended stocks are not acceptable for Market Order.
12. Upon submission of a Market Order, you will be deemed to have accepted the terms and conditions and understood and accepted all of the features and constraints of this service.

Market Order Terms and Conditions

1. We, in our best effort, will try to process a Market Order to obtain the best execution on behalf of our client. Due to fluctuation in stock price, insufficient market liquidity, system failure and any event beyond our control, the order maybe fully, partially or not executed.
2. We are authorized but not obliged to accept a Market Order input by the Client. If we do not accept a Market Order it will advise the Client promptly.
3. We shall not be obliged to act on any instruction for cancellation of a Market Order already given to us nor be responsible or liable to the Client for any loss or expense suffered or incurred by the Client if the original Market Order has already been completed or in our opinion, we have insufficient time or are unable to act on such instruction to cancel the original Market Order.
4. Once a Market Order is processed on a Trading Day, whether it is fully / partially / not executed, it will then lapse at the end of that Trading Day.
5. We shall not be liable for any loss, damage or expense or consequential loss, damage or expense suffered by the Client by virtue of any delay or any partial execution or any failure by us to execute a Market Order for any reason whatsoever including without limitation any failure or error of any computer or electronic systems or equipment.