In some circumstances, you may be unable to place an order on Stake, or your order may be cancelled/rejected after you place it.
Cancelled/rejected orders
ASX investors are bound by the ASX & Cboe Operating Rules and the ASIC Market Integrity Rules. If there is suspected market manipulation, insider trading or other suspicious activity detected that conflicts with regulations, these orders will be rejected.
Other reasons may include:
The order price is too far from the last traded price (read more about the Anomalous Order Threshold here)
The security has been suspended, delisted, or reconstructed
A market-wide trading halt is impeding available market data for a security
The security has turned ex-entitlement or ex-dividend
You have insufficient buying power, or have active orders impacting your buying power
A first-time buy order of a security that is less than A$500 (Minimum Marketable Parcel)
The order has simply expired
Corporate Actions
Outside of the common reasons for cancelled/rejected orders, corporate action related to a particular security may also impact your ability to trade it.
These corporate actions could include the security being subject to a stock split, merger or acquisition. Alternatively, the underlying price may have moved significantly, which may also render your order invalid. You can learn more about corporate actions here.
