What is a One-Triggers-The-Others(OTO) order?

A One-Triggers-The-Others order is an instruction to place multiple orders (maximum of 6) simultaneously. Once the primary order is executed, all sub-orders will be automatically placed.

1. Example:

Assume the client wants to buy stock A and places a primary order to buy 1000 shares of stock A at a limit price of $100. Additionally, the client sets two sub-orders: the first sub-order is to sell 500 shares of stock A at a limit price of $120, and the second sub-order is to sell 500 shares of stock A at a limit price of $130.

• When the primary order is executed and buys 1000 shares of stock A at the limit price, all the sub-orders are automatically triggered.

• In this example, after the primary order is executed, the two sub-orders will be submitted to the market.

2. Order Time

Orders can be placed at any time on the client’s side.

3. Order Duration

Clients can choose whether their orders are valid only on the day of the order or Good-Til-Cancelled (GTC). If an order is not fully executed within the specified period, the system will automatically cancel the order.

If an order fails during the execution process due to risk control measures, company actions, or other reasons, the order status will be updated to cancel, and the system will no longer continue to submit the order.

4. Trigger Time

The trading session can be set as "Include Extended Hours" or "Only Regular Hours ". Orders will be triggered based on the different time settings. After the conditions are triggered, the system will automatically submit the default order to the market.

5. Explanation and Notes

1. Primary order supported types: Market order, Limit order, Stop order, Stop Limit order, Limit if Touched (Take Profit) order, Market if Touched (Take Profit) order, Trailing Stop Limit order.

2. Sub-order supported types: Market order, Limit order, Stop order and Stop Limit order.

3. The orders only support the same security.

4. The orders are limited to US securities.

5. After an order is triggered, there is no guarantee of execution.

6. After an order is triggered, whether the corresponding order is executed or not, the order trigger conditions will not be activated again. If needed, please place a new order.

7. If an order is for position closure and the order quantity is more than the position at the time of triggering, the order will not be executed.

8. The orders will only be triggered within the allowed trading session.

9. The Time-in-Force of all primary orders and sub-orders must be consistent.

10. If the number of pending trigger orders is equal to or greater than 50 orders, no further advanced orders can be placed.

11. Calculations:

• Estimated value of order combination = Total value of all sub-orders (e.g., Sub-order A + Sub-order B....)

• Estimated transaction fees for the order = Total transaction fees required for all sub-orders (e.g., Sub-order A + Sub-order B....)

• Order buying power = total buying power required for sub-orders (e.g., Sub-order A + Sub-order B....)