The world's local bank
Stock Trading
Value-adding Trading Services
- 24-hour order placement and access to your portfolio, with free SMS order confirmation service
- Quick transactions with the support of AMS/3
- Secured credit facility of up to 50% of your eligible stocks value
- Sell local stocks the same day you buy them, and trade local stocks during the pre-opening session,
- Monitor price fluctuations of your selected stocks with Market Share
- Protect unrealised gains with one of HSBC's three different types of orders: Stop Loss Limit Order, Two-Way Limit Order, or Target Buy Sell Order
How do I set up a Stop Loss Limit Order?
A Stop Loss Limit Order can help you to minimise potential losses or to protect unrealised gains at a pre-set level in adverse market conditions. This stop loss order helps you to reduce risk when you cannot closely monitor the market.
In order to place a 'Stop Loss Limit Order', you are required to specify a:
- Stop Loss Price - it must be set below the prevailing nominal price of the particular stock you want to sell. When the nominal price of the stock drops to or below the 'stop loss price' set by you, the 'Stop Loss Limit Order' will be triggered and sent to the Stock Exchange of Hong Kong for execution.
- Lowest Selling Price - the lowest price you will accept for the sale of the stock. The 'Stop Loss Limit Order' will not be executed at a price below the 'lowest selling price'.
Customers can place a 'Stop Loss Limit Order' valid for seven calendar days. The order, if not triggered, will be automatically carried over to the next trading day until it is triggered or expires. Once triggered, the order will lapse at the end of the order triggering date, irrespective of whether the order is executed or not. Please note that a 'Stop Loss Limit Order' may be triggered in the Pre-opening Session but will only be executed in the Continuous Trading Session. Please also note that if Stop-Loss limit orders are not triggered before 4pm (or 12:30pm for half trading day), they will not be triggered during the closing auction session. However, any unfilled Stop Loss limit order already in HKEx will be carried forward to closing auction session.
To stay informed, please check the order execution status through HSBC Internet Banking or Investment Phonebanking Services at the end of each trading day. If you want to modify a "Stop Loss Limit Order", you must cancel the order first and then set up another new 'Stop Loss Limit Order' or other order types.
How do I set up a Two-Way Limit Order?
A 'Two-Way Limit Order' is a sell order that allows you to pre-set the Limit Selling Price and Stop Loss Prices to help realize gains and/or minimise potential losses in one instruction. It will be processed when the Nominal Price of the stock rises to or above the Limit Selling Price, or drops to or below the Stop Loss Price set by the Customer.
With a 'Two-Way Limit Order', you do not need to closely monitor the market and manually cancel the order and create a new one based on market conditions.
It is very easy and convenient to set up a 'Two-Way Limit Order' at HSBC Internet Banking. Just follow the steps below:
You can place a 'Two-Way Limit Order' which is valid up to a maximum of seven calendar days. During the valid period, the order will not expire until full order execution or order cancellation, regardless of whether the order was triggered or not.
Please note that if Two-Way Limit orders are not triggered before 4pm (or 12:30pm for half trading day), they will not be triggered during the closing auction session. However, any unfilled Two-Way Limit order already in HKEx will be carried forward to closing auction session. Also, for Two-way limit order already sent to HKEx, there will be no further trigger during closing auction session.
You are advised to check the updated order status via the 'Order Status Screen' at HSBC Internet Banking and our automated investment phonebanking services. If you want to modify a 'Two-Way Limit Order', you are required to cancel it first and then set up a new order.
How do I set up a Target Buy Sell Order?
A 'Target Buy Sell Order' combines a buy and a sell instruction in one order. At the time when you place the buy instruction, you can pre-set selling prices to realise gains or stop losses within one instruction. It will start as a Limit Buy Order in which you specify your highest purchase price. The sell instruction, which can be a Limit Price Order or Stop Loss Limit Order, will be activated automatically upon full execution of the buy order. With a 'Target Buy Sell Order', you do not need to wait until the buy instruction is executed before you could place a sell instruction.
It is very easy and convenient to set up a 'Target Buy Sell Order' at HSBC Internet Banking. Just follow the steps below:
Disclaimer:
The Bank does not provide investment advice. Investment involves risk. The price of stocks may move up or down. Losses may be incurred as well as profits made as a result of buying and selling stocks. Full details of the terms and conditions of the above services are available on request.
