What is the limit price (also called 'limit order') for share trading?
With a limit-price order, you set the maximum amount you’re willing to buy a share at, or the minimum you’re willing to sell a share at. So if your limit price for buying a share is $1.15, your order will only trade if the share price drops to $1.15 or less – and vice versa for sell limits. You can place a limit-price order any time between market ‘pre-open’ and ‘pre-close’. Limit-price orders will be put into a queue waiting to match with a buyer or seller.
If queued, a limit order will remain on the market for 20 business days after which it will expire.
Find out more information on the different types of share trading orders in our guide.
Interested in share trading? Find out more at ASB Securities.
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