What is five stalls?

What is five gears is the left.

Five stalls will be left to withdraw: After the transaction, if there is no deal to automatically withdraw pending orders.
The five stalls are converted to limit prices; If the deal is not automatically transferred to the current price, hang there to wait for the deal.

Limit Commission
When a customer orders an order to buy or sell a stock from a securities broker, the price of the sale is limited, that is, when buying a stock, a maximum price is allowed, and only the securities broker is permitted to deal at the highest or below the high price, and a minimum price is specified when the stock is sold. The most important feature of a limit order is that the sale of a stock can be done at the desired price or at a better price for the investor to achieve the expected investment plan.
Optimal five-file instant deal remaining undo

Optimal five-file instant deal remaining undo
means no need to specify the price of the Commission, the Commission to enter the trading host with the "best five" in the scope of the counterparty queue deal or part of the deal is to be set up, the outstanding part of the immediate automatic revocation of the Commission, a Commission can be with the opponent of several different price of the commission of the deal.

Five-stop-turn limit = five-stall closing limit

Suppose now a stock sells one to sell five respectively is 3.21,3.22,3.23,3.24,3.25 each has 10 hands in the pending order you if you need to buy 70 lots, you under such command, Will deal with all of the 3.21--3.25 50 hand sell orders, and then you have 20 hands without a deal, will automatically help you withdraw orders

Five stalls will be left to withdraw: After the transaction, if there is no deal to automatically withdraw pending orders.
Five-shift limit: If the deal is not automatically transferred to the current price, hanging there to wait for the deal.
Limit order: The principal requires the broker to buy or sell securities at a limited price. When the principal puts forward a limit order to buy the securities, the broker must buy at or below the limit at the time of execution; The principal proposes to sell the securities at the limit or above the limit.
　　
Best price
SSE
　　
1. The best five-file instant deal residual revocation declaration
　　
2, the best five-stop real-time remaining turn limit declaration
　　
Szse
　　
1, counterparty best price declaration
　　
2. Best price declaration of the party
　　
3. The best five-file instant deal residual revocation declaration
　　
4, the immediate completion of the remaining revocation declaration
　　
5. Full transaction or revocation of declaration
　　
Market price Entrustment declaration--SSE
　　
(a) The best five-stop instant deal residual revocation declaration:
　　
That is, this declaration in the opponent's real-time optimal five prices at the counterparty price for the transaction price successive transactions, the remaining outstanding part of the automatic revocation
　　
Example 1:
　　
The seller of a stock in five cases is:
　　
Sell 5 7.08 20
　　
Sell 4 7.07 15
　　
Sell 3 7.06 500
　　
Sell 2 7.05 40
　　
Sell 1 7.04 25
　　
If the buyer chooses according to the best five stalls the remaining revocation declaration method to declare, the declaration hand number is 1000 lot, then the last deal of the purchase is 7.04 Yuan 25 lot, 7.05 Yuan 40 lot, 7.06 Yuan 500 lot, 7.07 Yuan 15 lot, 7.08 Yuan 20 lot, The remaining outstanding 400 lots are automatically withdrawn.
　　
(b) The best five-stop real-time remaining turn limit declaration:
　　
That is, this declaration in the counterparty real-time five best price at the counterparty price for the transaction price successive transactions, the remaining outstanding parts in accordance with the party to declare the latest transaction price conversion limit declaration
　　
Example 2:
　　
The above example of the seller's pending orders, the selection of the best five real-time residual conversion Limit declaration method to declare, the same declaration of 1000 lot, the 600 hand distribution of the previous example, but not deal 400 hand automatically converted to the latest transaction price of 7.08 yuan to buy a declaration.
　　
Market Commission declaration-Szse
　　
(a) Counterparty best price declaration:
　　
To declare the best price for the counterparty queue in the reporting book when entering the trading host.
　　
Example 1:
　　
The seller of a stock in five cases is:
　　
Sell 5 7.08 20
Sell 4 7.07 15
Sell 3 7.06 500
Sell 2 7.05 40
Sell 1 7.04 25
If the buyer chooses to declare according to the best price declaration method of the opponent, the number of hand is 1000, then the declared price of the purchase is the best price of the counterparty--selling a price of 7.04 yuan as the declared price.
　　
(b) The best price declaration of the party:
Declare the price for the best price in the party's queue when reporting to the trading host in the centralized declaration book.
Example 2:
The buyer of a stock in five cases is:
Buy 1 7.08 20
Buy 2 7.07 15
Buy 3 7.06 500
Buy 4 7.05 40
Buy 5 7.04 25
　　
If the buyer chooses to declare according to the best price of the party, declare the hand number of 1000 lots, then the declared price of the purchase is the best price of the party-buy a price of 7.08 yuan as the declared price to declare.
　　
(iii) The best five-stop instant deal residual revocation declaration:
　　
To the counterparty price for the transaction price, and the Declaration into the trading host when the main party in the report of the best five price level of the declaration queue, followed by the deal, not the partial automatic revocation.
　　
This way with Shanghai market price commissioned by one.
　　
(d) Immediate closing of the remaining revocation declaration:
　　
To the counterparty price for the transaction price, and the Declaration into the trading host when the central declaration of the Opponent party all the reporting queue in turn, the outstanding part of the automatic revocation.
　　
The difference between this method and mode three is that the former counterparty is only the best five-stall opponent, while the latter's declaration counterparty is for all counterparties.
　　
(v) Full transaction or revocation of declaration:
　　
To the counterparty price for the transaction price, such as with the Declaration entered the trading host in the centralized declaration of the Party all the declaration of the queue in order to make its full deal, then the deal, or declare all automatic revocation.
　　
In this way, the difference between the way four is that the use of the former declaration method may result in a partial deal, partial withdrawal of the situation, and the use of the latter form of declaration if not all transactions, will be all withdrawn.