Set up a limit order by tapping Buy or Sell then selecting Limit instead of Shares as the Order type (in the bottom left corner).
After defining your limit price, you’ll then be able to select the quantity and choose whether you want the order to be valid for one day or the entire year.
Please notice that you need to have the cash available to create a limit order and fractional trading is not available on limit orders, this is the same as for any other asset class.
- Open a bond instrument
- Select buy/sell
- On the invest screen change the order type to “Limit”
- Set the target quotation
a. When buying, if the quotation is higher than the current quotation, the app will show a message that it can be executed immediately
b. When selling, if the quotation is lower than the current quotation, the app will show a message that it can be executed immediately - Set the face value you would like to invest or sell.
a. The app will validate if the minimum order and trading increment are met.
b. The app will validate if you have enough cash to make the order - Select the duration of the limit order
a. If the maturity date of the bond is more than a year, it will show a 1 year.
b. If the maturity date is less than a year then we show the user that the limit order will be valid until the maturity date. - Summary screen
a. The system calculates what’s the maximum accrued interest that the user would have to pay to the previous owner of the bond in case the order is executed. Depending on the date the order is executed this value can be less and the remaining balance will be released from the cash block.