Frequently Asked Questions (FAQ)

It is an order to buy securities at the lowest selling price or an order to sell securities at the highest buying price currently available on the market. The order is only used at HOSE.

– The MTL order will be canceled if there is no corresponding limit order at the time of entering the order into the trading system 

– If the MTL order volume has not been fully executed, MTL will continue to consider a higher selling price (if it is a buy order) or a lower buying price (if it is a sell order). 

– If the above principle is followed and the MTL order volume is still available (cannot continue to be matched), the MTL order will automatically convert to a buy/sell LO order at a price one price step higher/lower than the previous last trading price.

ATO/ATC orders are only valid during the Opening (ATO)/Closing (ATC) Periodic Order Matching session and the unmatched order or part of the unmatched order will be automatically canceled. Best regards

– An order to buy or sell securities at the Opening (ATO)/Closing (ATC) price. The order takes priority over the limit order (LO) when matching orders. 

– ATO orders are only used in HOSE, while ATC orders are used at both HOSE and HNX.

MTL orders are only used for Continuous Matching.

A MOK order, also known as a Market Order to Match or Cancel, is an order that does not specify a price at the time of order entry. If it is not fully executed, the order will be canceled on the system immediately after entry. The order is only used at HNX.

A MOK order is only valid during the continuous order matching session on the HNX floor. The order will be canceled immediately on the system if it is not fully matched or there is no corresponding order.

ATO/ATC orders are used in the Periodic Order Matching Method.

MOK orders are only used for the Continuous Order Matching Method at HNX.

A MAK order is only valid during the continuous order matching session on the HNX floor. If there is any remaining order after matching, it will be canceled immediately after the order is matched, or the order will be canceled immediately on the system if there is no corresponding order.

A MAK order, also known as a Market Match and Cancel order, is an order that does not specify a price at the time of order entry, and can be executed in whole or in part, and the unexecuted portion of the order will be canceled immediately after the order is matched. The order is only used at HNX.

MAK orders are only used for continuous matching methods at HNX.