PWB : FAQ

Frequently Asked Questions

Frequently Asked Questions

KenTrade Online Trading

Bursa Good-Till-Date (Bursa GTD) Order


How do I check if my Bursa GTD order is cancelled?

You can check via KenTrade, by clicking on the "order status" button.

Would KenTrade cancel my Bursa GTD orders?

Yes, KenTrade will perform daily checks at 8:10 a.m. based on these parameters:

  • Insufficient stock for sell order (applicable to client's account that is Stock Check enabled);
  • Insufficient trading limits during morning limits check;
  • Client's account with a "Suspended" or "Closed" status;
  • Client's account that is affiliated to a DR with a "Suspended" or "Closed" status; or
  • Other restrictions such as non-marginable stocks (for margin accounts), non-shariah compliant stocks (for Islamic accounts), stock prohibited from trading by Kenanga Investment Bank Berhad due to credit reason, etc.
Under what circumstances would my Bursa GTD order be cancelled by Bursa Malaysia?

Auto cancellation of the Bursa GTD order for a stock will be triggered by Bursa Malaysia under any one of the following conditions:

  • The stock goes through Corporate Exercise;
  • The stock is classified as "Designated Stock";
  • The price of the order falls outside of the Static Price Limits*;
  • The stock is suspended for one session or more;
  • Trading suspension due to Circuit Breaker Halt Level 2**;
  • The stock is delisted or expired; or
  • The stock is marked from ready to immediate basis.

Notes:

*The value for the Static Price Limits of a stock is calculated based on a specified range of percentage or absolute value from its Reference Price.

**FBMKLCI falls by an aggregate of more than 15% of the previous market day's closing index.

How do I cancel or modify my Bursa GTD order?

The Bursa GTD order can only be cancelled or modified during trading/market hours from 8:30am till 5:00pm, Mondays to Fridays.

What is the maximum validity period for a Bursa GTD order?

The Bursa GTD expiry date can be set up to a maximum of 30 calendar days from the date the order is created.

What is Bursa GTD order?

The Bursa GTD order is a trade order that will remain in the Bursa Malaysia's trading system and KenTrade system, until: 

  • The order is fully executed or cancelled;
  • The order reaches expiry date; or
  • The order is cancelled or withdrawn by Bursa Malaysia.