At-Auction Limit Order (ALO)

An at-auction limit order is an order with a specified price and is entered into the trading system during the Pre-opening Session.  An at-auction limit order with a specified price at or more competitive than the final IEP (in case of buy, the specified price is equal to or higher than the final IEP, or in case of selling, the specified price is equal to lower than the final IEP) may be matched at the final IEP.

Unmatched at-auction limit orders will be converted into limit orders and carried forward to the Morning Trading Session provided that the specified price of that at-auction limit order does not deviate 9 times or more from the nominal price.

Limit Order (LMT)
Orders are executed at a designated price only.

           Example: Buy 120K at $101

Filled: 80K at $101,
Outstanding: 40K will be queued in market order book.

Enhanced Limit Order (ELO)
The trade in ELO can be generated at or better than the limit price by matching in up to two price queues. Outstanding unfilled orders will be converted to limit order at the designated limit price and queued in market order book.

          Example: Buy 160K at $102

Filled: 80K at $101 and
60K at $102,

Outstanding: 20K will be queued in market order book as a limit order.

Special Limit Order (SLO)
This is a market order with a limit price to bind the risk. The input limit price is not restricted to the nominal price. The order can match with the best and 2nd best price queues* until the order is fully matched or the input limit price is exceeded.

Outstanding unfilled orders will be cancelled automatically and will not be queued in market order book.

         Example: Buy 160K at $104

Filled: 80K at $101 and
60K at $102,

Outstanding: 20K will be cancelled automatically.

* The number of price queues allowed for matching is configurable by the Exchange.