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• The order is cancelled or withdrawn by Bursa Malaysia.

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.

Yes, KenTrade will perform daily checks at 8:10a.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.