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A market order is an order to buy or sell at the market price, i.e. without a specified price.
2.1 After you confirm the submission of a market order, Airstar will submit it to the Hong Kong Stock Exchange at the five best ask or bid prices according to the buy or sell instruction.
2.2 A market order may be divided into several small orders for execution, and each small order may be filled at a different price.
2.3 If the number of placed orders is small, a market order may not be fully filled. The unfilled part will be automatically cancelled and, after being cancelled, will be in "Cancelled" status.
2.4 If the liquidity of a stock is poor or there is no placed order for the time being, a market order may not be filled and will be automatically cancelled. After being cancelled, the order will be in "Cancelled" status.
2.5 A market order does not specify a price and may fill at an unexpected price when market conditions change rapidly.
2.6 During the trading hours when the morning session or afternoon session has just opened, there may be a greater chance that transaction prices will deviate since orders that have accumulated before the market opens need to be processed.
2.7 For the sake of risk control, the price of a market order put on hold in the system is calculated as the current price * market order multiplier, and the market order multiplier is subject to adjustment by Airstar from time to time according to market conditions. Your buying power will be reduced accordingly. After the order is filled or cancelled, the frozen part of your buying power will be released.
