
Transaction introduction
Trading Rules
Order Type
What is the time-in-force
Limit order
Market order
At-auction limit order
At-auction market order
Stop limit order
Stop order
Limit if touched order
Market if touched order
Trailing stop limit order
Trailing stop order
What is an attached order
What is Algorithmic Trading for HK Stocks
What is a conditional order
What are order trigger times
OCO order
Warrants/CBBC
Grey Market
ETF
HK Options
Hong Kong International Airport Retail Bonds
Block trade
The pre-market opening session helps establish an orderly market open when the trading system is loaded with large numbers of orders and provides the market with a fair mechanism to determine the calculated opening prices (COP) at which the largest possible number of transactions may be traded, based on a predetermined formula. This helps to maintain order at the market open and minimize price fluctuation.
Hong Kong stock auction market transactions are divided into pre-opening auction session and closing auction session. Investors only need to enter the auction market orders during the pre-opening auction period or the closing auction period to participate in the auction market transactions, including Pre-opening at-auction Market Order
● Available time Investors can place orders from 16:10 on the trading day to 09:22 on the next trading day. Auction market orders placed before 09:00 on the trading day will be saved by Futu's trading system and will be automatically submitted after 09:00 To the exchange.
● Matchmaking time 9:20-9:22 finish random matching
● Description and precautions
● Cannot be changed or cancelled after 9:15
● At auction market orders are matched in order based on the order placing time
● Only securities allowed to be traded on the Hong Kong Stock Exchange can be bought at auction. Due to the risk control relationship, auction buying will freeze a part of the buying power, and the freezing ratio of different stocks is different. The frozen funds will be automatically refunded after the order is completed or canceled
● Any unsold auction market orders will be automatically cancelled before the official opening of the market
You can place at-auction market orders from 9:30 AM to 4:10 PM on trading days.
Queued Submission
Orders placed before 4:01 PM will be queued and submitted to the exchange after 4:01 PM to participate in the closing auction session.
Real-Time Submission
Orders placed between 4:01 PM and 4:10 PM are submitted to the exchange immediately.
Note: The closing auction session may end randomly between 4:08 PM and 4:10 PM. Once it has ended, no further orders can be placed.
16:08-16:10
● All auction market orders cannot be changed or cancelled after 16:06
● At-auction market orders are matched in order
● Out of the risk control relationship, bid buying will freeze a part of the purchasing power, and the freezing ratio of different stocks is different. The frozen funds will be automatically refunded after the order is completed or canceled.
● Any unsold auction market order will be automatically cancelled after the random closing
For more details about the closing auction, please refer to the information on the HKEX.
Disclaimer
An at-auction market order is a convenient transaction method provided by Futu for customers. Futu provides stable services as much as possible, but it cannot guarantee its absolute reliability. If there are other physical factors such as network interruption and server abnormality that result in the at-auction market order not being executed, Futu will not be liable for any loss or damage caused thereby.