An order to sell a selected security that you do not own. You must be approved for margin trading. To enter an order to sell short your introducing broker must be able to borrow the securities in order to buy back a security that you've previously sold short. Please contact Stock Trading through our Communication Centre for approval and instructions prior to placing an order in connection with a short sale. A market order is an order to buy or sell a certain security at the best price available at the time the order is received at the marketplace.
All market orders are day orders.
Market orders entered outside of market hours will be queued for execution at market opening the next trading day. A limit order is an order to buy or sell a security at a specified price or better. A stop order is an order used to buy or sell a security once it has reached or passed a specified price, called the stop price. The buy or sell stop order becomes a market order when the current price reaches or passes through the stop price. A buy stop order must be entered at a price above the offering price, and a sell stop order must be entered at a price below the current bid price.