Types Of Orders Available at CSX

  • Buy Order: The client requires cash or pending cash at least 100%
  • Sell Order: The client requires securities or pending securities at least 100%
  • Order Methods: Via telephone, e-mail, visiting our office, CSX Trade app.
  • Currency in use: Khmer Riel (KHR)
  • Limit Order: The order where the bid order price is the maximum offer price and the ask order price is the minimum offer price. Example: A bid limit order of 4,000 KHR shall be traded at 4,000 KHR or lower, and an ask limit order of 4,000 KHR shall be traded at 4,000 KHR or higher.
  • Market Order: The order to immediately buy or sell a stock at the best price available. However, it is not allowed for liquidity-providing activities and the first trading of initially listed securities. The market order can have two affixed conditions: Fill or Kill (FOK) and Fill and Kill (FAK). They can only be used during the multiple-price auction and only when there is an order available on the opposite side.
  • FOK Market Order: the order shall be immediately canceled if the quantity of the order cannot be fully executed.
  • Example: FOK market order to buy 200 shares of stock A can be matched ONLY when there is (are) ask order(s) with (total) quantity ≥ 200 shares
  • FAK Market Order: the order shall be immediately canceled if the quantity of the order cannot be executed (fully or partially). If partially executed, the remaining quantity of the order shall be canceled right after the order matching.
  • Example: FAK market order to buy 200 shares of stock B will be matched with the opposite side orders of any quantity, let’s say 50 shares. The unmatched quantity of 150 shares will be automatically and immediately canceled
  • Negotiated Order: The order to buy or sell a security through Negotiated Trading Method (NTM). It secures investors to trade in a single large transaction and provides order and trade confidentiality during the trading hours.
  • Main features of NTM:
  • Minimum Order – Negotiated Order shall be at least 50,000 shares or KHR 200,000,000 whichever is lower.
  • Tick Size – Tick size for NTM shall be KHR 1.
  • Daily Price Limit – Daily price limit shall not be applicable to the stocks traded through NTM.
  • Order Cancellation: Negotiated Order can be cancelled but not corrected, if the order has not been executed.