Time Conditional Order (TCO)

An open order which is placed before the trading time from 01 to many days with a pre-determined volume and price.

1. How to place TCO order on Webtrading

Step 1: Login to your account => “Trading” => “Conditional order” => “Order Condition” Insert OTP code to confirm your account then on the condition order screen, choose “Order Out Time” and sub-account to place an order.

Step 2: Insert information about Effective time, Setting condition, Buy or Sell, fill in the securities symbol, volume, setting price and price.

• Effective time: from …. to …. The pre-market order is valid no longer than 30 days from the placed time.
• Setting condition:

+ Match one time: the order would be matched one time only. On the effective day, if the order matches, the order status will be invalid at the end of that day.

+ Match order volume: within the valid time of the order, the system automatically activates when all the conditions are matched (price, volume, effective date…) until ensuring that all the placed volumes are matched.

• Price condition: The setting price condition is the compulsory condition: Insert the condition about the reference price.  Besides the effective date condition, the system will also check the reference price condition to activate the order.

Step 3: Choose “Order Buy”/ “Order Sell” to finish placing order

2. Example

An time conditional order, effective from 24/11/2020 to 01/12/2020.

Setting condition: Match one time

Buy order, TCH symbol, Vol = 1.000

Condition: Reference price =< 20.3 Placed Price = 20.4

3. Time Conditional Order’s features

• Only can place Limit Order (LO)
• The expiration date is the date the order becomes invalid. 
• Order out time does not check the buying/selling power. The order will be activated and sent to the stock exchange if the conditions about price and volume are matched.
•  For order out time placed before 8:40, the system will check the conditions once only at 8:40. When the order has been activated (matched or not, or refused), the order will automatically expire at the end of the day and be activated again on the next day if it is still in the effective period.
• The conditional order can only be cancelled but cannot be adjusted.