The Singapore Exchange (SGX) has said it will make changes to securities orders with effect from 31 March 2014.
Market orders (buy or sell orders which are executed immediately at current market prices ) and market-to-limit orders will be made available throughout the trading session.
Market-to-limit orders ensure execution for a portion of the order while avoiding risks of getting the order fully filled at a price distant from the last-traded price.
Previously both types were only available during the market opening and closing procedures.
Jenny Chiam, head of securities at SGX, said that by introducing these different order types at exchange level, it would build upon similar features which certain brokers currently offer some customers.
Also being introduced at SGX are price triggered orders. These are instructions which will be converted into actual orders in the order book once the target price is reached. In addition, stop orders and if-touched orders will make a first appearance.