1, a limit order refers to a customer's request for a broker to enter the market at a specific price, but a transaction is reached at the price set by the customer or at a more favorable price. The limit order was issued because the customer was unwilling to bear the price lower than the set price, so the limit order was used. The price specified in the limit order is the bottom line that customers are willing to accept. Prices exceeding this bottom line are considered unacceptable by customers. A broker can't close a deal for a client at a level above the bottom line price. Limit orders can be divided into buying and selling. Limit buying means that brokers should buy contracts at or below a limited price level. The maximum price order means that the broker should sell the contract at the maximum price or higher.

2. A market order refers to an order with unlimited price and trading at the best price that can be executed in the market at that time. The unfinished part of the market order is automatically sold. When issuing this order, the customer does not need to specify a specific price, but requires the representative of the futures brokerage company to close the transaction at the best price that can be executed in the market at that time. This kind of instruction is characterized by high transaction speed.

Reply time: 2020- 12-23. Please refer to the latest business changes announced by Ping An Bank in official website.

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