Share investors can now input orders that don't expire at end of trading day
You enter an order to buy a particular stock at 20 cents but throughout the day it traded higher than this price on the stock market. At the end of the day, the order expires.
But this will no longer be the case in future, with the Singapore Exchange (SGX) launching long dated order types that allow investors to retain buy or sell orders for longer than the usual one day.
With long dated orders, investors can specify the number of days they want their orders to stay active.
Orders can be kept active for a maximum 30 days unless they are completed or cancelled. This compares with the usual practice of un-executed orders automatically expiring at the end of the trading day.