- You can purchase or sell securities on our Online Trading platform in accordance with the following rules:
- Orders to buy or sell bonds and equities listed on the Malta Stock Exchange are to be placed as limit orders. When submitting a limit order, you will have to provide a limit price. Buy orders will only be executed at a price equal to or lower than the limit price, while sell orders will be executed at a price equal to or higher than the limit price. Such orders will be left pending for up to 14 calendar days after the order was submitted. The part of the order not executed after 14 calendar days will be cancelled.
- Orders to buy or sell international bonds can be placed as limit orders. When submitting a limit order, you will have to provide a limit price. Buy orders will only be executed at a price equal to or lower than the limit price, while sell orders will be executed at a price equal to or higher than the limit price. Orders for international bonds are Day orders and any part not executed will be cancelled at the end of the day.
- Orders to buy or sell international equities and ETFs can be placed as market orders or limit orders.
- If you place a market order, your order will be executed at the best available market price in accordance with our Best Execution Policy, which is included as Annex 2 of the Investment Services Terms and Conditions. All orders with be Good for Day, meaning they will automatically expire if not executed by the end of the day when the order was placed. A “Good for Day” order is an order that is good for that day only, during which time, partial fills can take place. If it is not filled, the order (or any unfilled parts of the order) will be cancelled.
- When submitting a limit order, you will have to provide a limit price. Buy orders will only be executed at a price equal to or lower than the limit price, while sell orders will be executed at a price equal to or higher than the limit price. When placing limit orders, apart from Good For Day orders, you can also choose to place the order Good Till Date, where you can choose a date up to a maximum of 6 months later till when the order remains valid, or Good Till Cancelled, which means that your order will remain active until you cancel it yourself or until it expires automatically after 6 months. The part of the order not executed after the date chosen by yourself or the 6 months if Good Till Cancelled is chosen, will be cancelled.