Certain exchanges do not support Market orders. If a client places a market order in these markets, Saxo Capital Markets will automatically convert the order to an aggressive Limit order within a certain percentage limit “in the money”.
The Percentage Limit varies between 1% and 4% depending on the exchange and the type of instrument. Please note that it is a client’s responsibility to check if the order is filled in the market after order entry.
If you experience or suspect any errors with your order, you should contact Saxo Capital Markets immediately.
|American Stock Exchange (AMEX)
||Oslo Stock Exchange (OSE) |
|Athens Stock Exchange (AT)
||OMX Copenhagen (CSE) |
|Australian Stock Exchange (ASX)
||OMX Helsinki (HSE) |
|London International Exchange (LSE_INTL)
||OMX Stockholm (SSE) |
|London Stock Exchange (LSE_SETS)
||Singapore Exchange (SGX-ST)|
In addition, some of our execution brokers may choose to convert Market orders on certain exchanges into aggressive limit orders 3% “in the money”. This is due to their internal compliance and is intended to protect clients from unintentionally moving the market.
Saxo Capital Markets will not be responsible for missing fills due to this.