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What is the limit price (also called ‘limit order’) for Share Trading?

Last Updated: 14 Jul 2016

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.

Interested in share trading? Find out more at ASB Securities.


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