Generally, securities companies are allowed to entrust the pending orders for tomorrow's trading one night in advance. General securities companies will accept the pending order of the next transaction after the liquidation on the same day. Generally, the liquidation of the day will be completed after 9: 30 pm. Note that the securities company may not accept the relevant stock pending orders on the last trading day before Saturday, Sunday or holiday, which means that the pending orders opened on Friday night and next Monday may not be accepted. Sometimes these pending orders will not be entrusted until Monday morning. The main reason is that when the stock market is closed on Saturday, Sunday and holidays, securities companies often conduct system tests. In order to prevent data confusion, they are generally not entrusted to hang orders to prevent confusion between test data and real entrusted data.
It should be noted that even on the first trading day after holidays, the relevant entrustment system of general securities companies will operate normally after 8:30 in the morning and can entrust pending orders.
2. The definition of withdrawal means that when a securities company accepts the entrustment of investors to sell shares, it will sell shares according to the requirements of investors, so this part of shares must be locked on the same day, and even if it cannot be closed, it can only be thawed after the contract automatically expires the next day.
If investors want to use the locked funds (want to change the purchase price or not want to buy) or stocks (want to change the selling price or not want to sell) on the same day, they must cancel the entrustment by withdrawing the order before they can use the locked funds or stocks. If the original entrustment has been completed before the investor completes the withdrawal, it cannot be withdrawn.
To sum up, there are three main situations in which bills are cancelled:
The first situation: to chase high, you must buy at a higher price, and you have no funds at hand. You need to remove the previous entrustment and chase it in at a better price;
The second case: cutting meat, the stock price has been adjusted very badly, and you have to sell it at a lower commission price to close the deal. At this time, you need to cancel the previous sales order;
The third situation: As mentioned above, if you find that you can buy or sell at a better price, then you should cancel the previous entrustment and choose a better price to entrust.