US Good Till Date Order

 

Please do take note that US GTD (Limit and Stop Limit) orders are now available on POEMS Web and POEMS Mobile 2.0.

1. What is GTD Order
   GTD orders will continue to be effective until the order is fully executed, cancelled or expired. For clients who may have a target price away from the current levels, GTD orders allow for orders to be entered at a bid (offer) well below (above) the current trading price of the counter without replacing the order daily.
2. Eligible order types for GTD
   Only Limit and Stop-Limit (SLO) orders are eligible for GTD
3. Validity and expiry of GTD orders
   Only expiry dates of T+1 or more and up till 30 days from T can be selected. GTD orders will stay effective till a maximum of 30 days and will expire after the market closes on the expiry date selected. GTD orders with expiry dates that fall on a weekend/US holiday are invalid and will be rejected.
4. Corporate action on GTD order
• Forward/Reverse split and Stock Dividend:
  Any outstanding GTD orders will be withdrawn on the date of corporate action at 0815hrs (EST) with the exception of overnight GTD orders (orders submitted after the market closes i.e. 1615 EST on the day before the corporate action).
• Cash Dividend:
  Buy limit and Sell stops/limit will be adjusted down by the value of the cash dividend on the ex-date.

Poems Web

Poems Mobile