Other Trading Matters
Learn about the issues that matter to your CFD trading
CFD orders are done on a first-in-first-out basis. Positions that were initiated first would be liquidated first.
|Day 1||Buy 5000 CFDs of TTT Ltd||$5.69|
|Day 2||Buy 2000 CFDs of TTT Ltd||$5.67|
|Day 3||Sell 3000 CFDs of TTT Ltd||$6.00|
If client Q bought 5000 lots of TTT Ltd CFD at $5.69 on Day 1, buys another 2000 lots at $5.67 on Day 2, and sells 3000 lots of TTT Ltd CFD at $6.00 on Day 3, his outstanding positions at the end of Day 3 would be 2000 lots at $5.69 and 2000 lots at $5.67.
Partially Done Orders
Market orders, which are also known as hit-the-market orders, are subject to fills based on prevailing market volume. What this means is, if these are the current market prices:
|Buy Volume||BID Price||ASK Price||Sell Volume|
The client submits an order to sell 750 lots at $1.00. As the current selling price is $1.00 and at this price there are 500 lots queuing, he would be able to get 500 lots done. This is a partially done scenario. The rest of the 250 lots remaining from his order would be re-queued into the CFD system at $1.00. The client could also choose to withdraw the order of 250 lots if he wishes to.
|Market||Limit order queue restrictions|
|ASX (DMA CFDs)||Queue up to 3% from last done price|
|Singapore (Shares CFD)||Queue up to +/-20% from the current Bid/Ask price|
|Singapore (Shares CFD DMA)||Queue up to 20 bids from the last done price|
|Hong Kong||Queue up to +/-20% from the current Bid/Ask price|
|Malaysia||Queue up to +/-30% from the current Bid/Ask price|
|United States||Queue up to +/-40% from the current Bid/Ask price|