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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.
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