What are the phases of stocks order processing in Philippines Stock Market?
Order matching in Philippines stock market seems to be a very direct process.
To do that, I dig one of my transactions with EDC, one of my favorite companies.
- Order Accepted – This is the phase where your broker checks if you have enough balance to fund your buying transactions. If you’re selling your stocks, obviously there’s no need to check your cash balance and therefore your order readily gets accepted.
- Order Posted – this is the time when your order becomes visible in the Philippine stock exchange. Depending on the price of your order, your order can remain posted throughout the whole trading day without being matched. You can read this to help you adjust your order price it you want it to be matched right away.
- Order Executed – Finally, if there’s a buyer/seller willing to match your order price given enough volume, your order gets done and matched. Note that as long as your order remains unmatched or not executed, you can change it or totally cancel it.
Author: Omeng Tawid
Have you always felt as if your money is never enough?
Are you one of those people who live from paycheck to paycheck?
Have you been working so hard, but earning so little?
Then join this exciting learning event from one of my mentors!
And the best thing is you can join this wherever you are.
Yep, this will be an online 4-hr seminar session full of practical lessons on improving your financial life.
Online access is only Php 100.00. Such a small price for a huge learning experience.
I don’t want to waste your time so you go straight here for sign-up.
Did you like this article?Don't miss out on my new posts. Subscribe to Smart Pinoy Investor by email and get my latest tips & updates! Click HERE! (it's FREE)
Avoid losing money and become a smarter investor!
Join my online training program for newbies(for OFWs too!) and learn how you can do stress-free investing!Click HERE!