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What is the precious metal circular pending order in ICBC account?
Circular pending orders refer to the first and second pending orders with the same transaction type, the same number of pending orders, the opposite transaction direction and the purchase price of pending orders lower than the selling price of pending orders. When the corresponding quotation of China Industrial and Commercial Bank reaches the price of the first pending order, the first pending order is closed and the second pending order takes effect at the same time. Then, when the quotation corresponding to ICBC reaches the price of the second pending order, the second pending order will be closed, and the first pending order will take effect again, and so on. If the pending order expires or the customer cancels the pending order, the circulation pending order is invalid.

Account precious metal pending order transaction refers to the transaction in which a customer submits a pending order and buys and sells precious metals in the account at the pending order price when the transaction quotation of China Industrial and Commercial Bank meets the pending order conditions. Pending orders include profit pending orders, stop loss pending orders, two-way pending orders, circular pending orders, one-to-many pending orders, triggered pending orders and additional pending orders. Circular pending orders and additional pending orders are not applicable to the transaction type of selling before buying.

Profit pending orders refer to pending orders whose prices are better than real-time trading quotations, that is, the buying price of customer pending orders is lower than the current bank selling price or the selling price of customer pending orders is higher than the current bank buying price. When the transaction quotation reaches the customer's pending order price, the transaction is conducted at the pending order price.

Stop loss pending orders refer to pending orders whose price is lower than the real-time trading quotation, that is, the selling price of customer pending orders is lower than the current bank buying price or the buying price of customer pending orders is higher than the current bank selling price. When the transaction quotation reaches the customer's pending order price, the transaction is conducted at the pending order price.

Two-way pending orders refer to the combination of profit pending orders and stop-loss pending orders that enter at the same time. Any two-way pending order will be closed, and the other pending order will automatically become invalid.