The Ho Chi Minh Stock Exchange plans to use the Market Order (also known as Market Price or MP) form of purchase and sale beginning next month to improve liquidity.
The MP order can only be used for the continuously matching session, or the second session.
An MP purchase order will be executed at the lowest price at the time the order is placed. If the volume of the order is not met at the first prices, it will be automatically considered an order at the next lowest price on the electronic board.
The opposite will be true of an MP sales order, which will be executed at the highest price at the time of placing the order, and unfulfilled volumes carried on at the next highest price./.
The MP order can only be used for the continuously matching session, or the second session.
An MP purchase order will be executed at the lowest price at the time the order is placed. If the volume of the order is not met at the first prices, it will be automatically considered an order at the next lowest price on the electronic board.
The opposite will be true of an MP sales order, which will be executed at the highest price at the time of placing the order, and unfulfilled volumes carried on at the next highest price./.
