FUTU HK Help Center-Book Trader
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Help Center Trading Ability Futures / Futures Options One-click Price Trading Book Trader

Book Trader

1. What products are available for Book Trader

Book Trader supports all the same trading products available in Quick Trade.

 

2. How to access the feature

You can access the Book Trader through one of the following three methods:

  • Custom > Widget > Trade > Book Trader

  • Custom > Template > Book Trader

  • Quick Trade > Book Trader

 

3. Feature overview

3.1 Mid Price

The mid-price is the midpoint between the market's buy and sell prices. It helps you measure market demand and supply. The standard mid-price formula [(best bid + best ask) / 2] may differ from actual order prices. Therefore, the mid-price displayed on the order page is adjusted to match the standard price levels. Please refer to the order page for the accurate price.

The mid price is highlighted with a different color in the price ladder.

PriceBackground Color
Mid Price
Last Price

 

3.2 Re-Center Button

A re-center button is placed on the right side of the Price column header. If you have scrolled through the column, you can click this button to refocus the central area around the mid price.

 

3.3 Bid Size & Ask Size

The current volume at specific price points is displayed on either side of each price: bid size on the left and ask size on the right. 
These figures represent market depth and are not indicative of the actual order quantity, which is determined by the amount you enter in the quantity input field above.

 

3.4 Orders

Each unfilled order is displayed at its corresponding price point in the Buy Orders or Sell Orders columns. 
The headers of these two columns display the number of unfilled buy or sell orders for the symbol.

 

3.5 Positions

For filled orders, the quantity of positions is displayed in the lower right corner of the cell at the corresponding cost price. Positive numbers indicate long positions, while negative numbers denote short positions. Position quantities, profit or loss for the symbol, and other related data are also available at the top of the table.

 

4. How to use Book Trader

4.1 Create an order

Start by entering the desired quantity in the order quantity input field.

4.1.1 Create a limit order

To quickly create a limit order, click on the Bid Size or Ask Size cell next to your desired price. This action will submit a limit buy or sell order at that specified price.

4.1.2 Create a market order

Click Buy Mkt or Sell Mkt to create a market order. Please note that submitting a market order does not guarantee its execution due to the following reasons:

  • The prices shown on the price ladder may not be real-time market data, which means the order may not necessarily be filled.

  • A market order does not specify a price and may fill at an unexpected price when market conditions change rapidly.

Additional Explanations and Notes for HK market orders:

  • Once a market order is created, it will be submitted to the Hong Kong Stock Exchange at the best five bid or ask prices available in the order book.

  • A market order may be split into several small orders for execution, and each small order may be filled at a different price.

  • If the number of placed orders is small, a market order may not be fully filled. The unfilled part will be automatically cancelled, and your order status will be updated to "Cancelled."

  • If the stock has poor liquidity or there is no available order book, the market order may not be filled and could be cancelled, and your order status will be updated to "Cancelled."

  • At the start of the morning or afternoon session, price deviations are more likely due to the processing of accumulated orders before the market opens.

  • For risk control purposes, the price of a market order put on hold in the system is calculated as the current price × market order multiplier. Futu adjusts this multiplier periodically based on market conditions. This will temporarily reduce your buying power, which will be restored once the order is executed or cancelled.


Note: Book Trader does not support stop orders.

4.2 Edit an order

You can edit an unfilled order using any of the following methods:

4.2.1 Simply left-click the unfilled order within the Buy Orders or Sell Orders columns and drag it to your desired price level. Release the mouse button to update the order to the new price.

4.2.2 Click on an unfilled order to open a popup window, where you can edit the order directly.

 

4.3 Cancel an order

To cancel an unfilled order, click the "Cancel" button next to it in the Buy Orders or Sell Orders column.

Note: Currently, only one order can be cancelled at a time. Cancelling multiple orders simultaneously is not available.

 

 

Overview