延长交易合约书.PDFVIP

延長交易合約書 Extended Hours Trading Risk Disclosure 延長交易可以接受哪些訂單類型 Types of orders accepted during extended-hours trading 延長交易只能下限價訂單。 You may enter limit orders only. 延長交易時的訂單有效期限 Duration of orders placed during extended-hours trading 延長交易時所下的訂單只限當日延長交易時段有效。若該訂單沒有成交，則在延長交易時段結束後自動過期，不會 順延至隔日的開盤交易或延長交易時段。訂單成交之前可以取消，就如盤中交易一般。延長交易時段中成交的訂單 在交割過程中如同盤中成交，正常交割時間依然為交易日後三個工作天。 An order placed during an extended hours trading session is only good for the session during which the order was placed. If an order is not executed during a specific extended-hours session, the order expires at the end of the session and does not roll into the next traditional or extended-hours session. Orders not yet executed can still be canceled before the close of a session, in the same way as during traditional market hours. Orders executed during an extended hours session are considered to have been executed during the day’s traditional session for settlement and clearing purposes. Trade settlement remains the same for extended-hours trades as with traditional market trades. The settlement date is three business days after the date on which the transaction was effected. 訂單的有效期為”盤前+當日+盤後”的訂單，有效時段從8:00AM ET 到 8:00PM ET 結束，如果訂單沒有成交，訂單 將會在8:00PM ET 結束后自動取消。此訂單包括了盤前交易、盤中交易、盤後交易時段。而訂單在8:00PM ET 之後 下單將會在在第二個工作日生效。 An order placed with duration of Day + Extended Hours trading session will be valid from 8:00AM to 8:00PM ET, cover Pre-market Session, traditional market hours and After-market Session. Any order placed before 8:00PM ET with duration of Day+Ext will only be valid until 8:00PM ET. If the order is not executed after 8:00PM ET, the order will be cancelled/expired. Any order placed after 8:00PM ET, the order will be valid for the next business day. 低流動性風險 Risk of Lower Liquidity 流動性風險指的是買賣證券困難所帶來的風險。一般來說，市場中越多訂單，流動性風險越低。流動性對投資人來 說非常重要，因為流動性高時，投資人比較容易買賣證券，得到更好的成交價。延長交易的流動性比盤中交易低， 因此訂單可能只部分成交，甚至無法順利成交。 Liquidity