What is a trading halt?
A trading halt is a temporary suspension of a company's trading activity that may occur at the request of the company or where the ASX receives an announcement from a related entity that is deemed to be market sensitive. The securities are placed into a 'Trading Halt Session State' where market participants can place orders but are not able to trade the securities. Trading generally resumes at the earlier of:
- The time/date announced by the ASX when the trading halt will end
- The commencement of normal trading on the second trading day after the trading halt was imposed
- Once the listed entity makes an announcement
Orders in this state are not automatically purged and remain in the market with the same Price/Time priority for execution when the trading halt has been lifted. During a trading halt ‘Limit Orders’ can be placed, amended or cancelled, and ‘Market Orders’ can be cancelled over the phone, although new Market Orders cannot be placed during a trading halt.
If you require assistance with cancelling or amending a Market Order, you can contact us.
