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3.3.1 In order to trade securities, investors shall open securities accounts and cash accounts and sign broker-client agreements with a member. Upon effect of the agreement, the investors will become the brokerage clients (hereinafter referred to as client) of the member.
Investors shall open securities accounts according to the relevant regulations of the registration and clearing institution designated by the Exchange.
3.3.2 Clients may instruct a member in writing or by self-service means such as telephone, self-service terminal or Internet to buy or sell securities on their behalf. Clients shall follow the relevant operational procedures when placing an order through telephone, self-service terminal or Internet.
3.3.3 Clients who intend to participate in securities trading by self-service means shall sign a self-service trading agreement with a member.
3.3.4 Unless otherwise specified by the Exchange, an order placed by a client shall include the following:
- client's securities account number;
- code of a particular security;
- buy or sell;
- instructed quantity;
- instructed price; and
- other information as required by the Exchange and the member.
3.3.5 Clients may place a limit order or market order through members for securities trading.
A limit order is an instruction given by a client to a member to buy a particular security at a specified price or lower, or to sell at a specified price or higher.
A market order is an instruction given by a client to a member to buy or sell a particular security at the current best market price.
3.3.6 Clients may cancel the unexecuted remainder of an order.
3.3.7 Members shall return to clients the cash or securities corresponding to the cancelled or disabled order upon confirmation thereof.
3.3.8 Margin trading and securities lending services as may be provided by members to clients for securities trading shall be governed by relevant regulations. |
