A conditional order allows client to place a buy/ sell order at target price when the stock price reaches predefined target. This type of order helps client to minimize the risks and seize opportunities before the unexpected volatility of the market.

      The steps to set the conditional order:

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      Note:
      • Conditional order is only applicable for Limit price..
      • - The expired date is the date when client’s inactive order has expired. The inactivate condition order is valid for a maximum of 30 days since placing order..
      • - When triggered (whether the order is matched or not, or rejected), it will automatically expire at the end of the session and will not be reactivated.
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      For example: At the end of 15th October 2016, the following orders were pending; the closing price of VND was 14000.

      No. Order Symbol Quantity Price type Limit price Condition Expired date
      1 SELL VND                      1,000 LIMIT   14,600 When matching price ≥ 14,500 18/10/2016
      2 SELL VND                   1,000 LIMIT   12,400 When matching price ≤ 12,500 17/10/2016
      3 BUY VND                   1,000 LIMIT   15,000 When matching price ≥ 15,100 20/10/2016
      4 BUY VND                   1,000 LIMIT   12,100 When matching price ≤ 12,000 20/10/2016

      On 16/10/2016, when the matching price of VND was 14600: The first order was activated.

      No. Order Symbol Quantity Price type Limit price Condition Status
      1 SELL VND                   1,000 LIMIT   14,600 When matching price ≥ 14,500 Activated
      2 SELL VND                   1,000 LIMIT   12,400 When matching price ≤ 12,500 Inactivate
      3 BUY VND                   1,000 LIMIT   15,000 When matching price ≥ 15,100 Inactivate
      4 BUY VND                   1,000 LIMIT   12,100 When matching price ≤ 12,000 Inactivate

      On 17/10/2016, when the matching price of VND was 15200: The first order was invalid, the 3rd order satisfied trigger condition so it should be activated.

      No. Order Symbol Quantity Price type Limit price Condition Status
      1
      2 SELL VND                   1,000 LIMIT   12,400 When matching price ≤ 12,500 Inactivate
      3 BUY VND                   1,000 LIMIT   15,000 When matching price ≥ 15,100 Activated
      4 BUY VND                   1,000 LIMIT   12,100 When matching price ≤ 12,000 Inactivate

      On 18/10/2016, when the matching price of VND was 14500: The second order expired due to the expired date was 17/10; the first and the third order were activated on previous day, so it was invalid.

      No. Order Symbol Quantity Price type Limit price Condition Status
      1
      2 SELL VND                   1,000 LIMIT   12,400 When matching price ≤ 12,500 Expired
      3
      4 BUY VND                   1,000 LIMIT   12,100 When matching price ≤ 12,000 Inactivate
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