What is the difference between market order, limit order, at-auction order, at-auction limit order, enhanced limit order and special limit order?
Market Order: When the market is opened, a market order will be executed at the best bid or ask price available. If a market order is placed when the market is closed, it will be executed at the bid or ask price when the market opens. A market order guarantees an execution but does not guarantee a price. A market order could be executed at a higher or lower price than what was quoted to you. Please note that market orders are not allowed for Hong Kong and Singapore trading. Limit Order: When you place a limit order, you are stating the price at which you wish to buy or sell a stock. If that price is not met, your order will not be executed. A limit order guarantees a price but does not guarantee an execution. A limit order can be executed at a better price than the limit price you set. Enhanced Limit Order (ELO) and Special Limit Order (SLO) are the two order types available to Hong Kong trading: At-auction Order:: An at-auction order is a market order without a specified price. It enj
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