Order Types

Flexible Order Types


	Stay one step ahead with Saga Share Direct



	Our flexible order types support your dealing whenever you make your investment decisions, allowing you to control your investment portfolio even when you cannot monitor the market. We offer some of the most sophisticated range of order types in the market; Quote & Deal, Limit, At Best, Stop Orders and Trailing Stop Orders. We can also combine order types which can be used as part of a flexible dealing strategy helping you to protect your holding whichever way the market moves.

	Quote & Deal Giving you confidence in price and execution, Quote and Deal gives you the real time price from the market before you deal. Quote & Deal is only available during market hours.
	At Best To secure execution at any price you can choose to deal At Best. This option is ideal when the market is closed or when the number of shares in your order exceeds the maximum quantity allowed using Quote & Deal. At Best ensures that your order is dealt at the next available opportunity.
	Limit Order Guaranteeing price but not execution. Use a limit order when you want to achieve a price better than the current share price - Limit Orders are only dealt at a limit price set by you or better. These orders can be placed at any time and we will monitor your deal for 30 business days.

	Advanced Order Types

	These sophisticated order types allow you to manage your investment portfolio even when you cannot actively monitor the market. They are intelligent stock tools which will track a share price, only placing your deal when the price has moved by a predetermined amount set by you - allowing you to protect an existing gain or set an acceptable level of loss on a holding. Stop orders can be placed at any time and held for up to 30 business days. An ideal way to help you to lock in gains and protect profits.
	Stop Order Sell shares only when your specific stop price is reached or passed. You can gain additional protection over the price at which your shares are dealt by specifying an optional limit price. Stop Order are available on all LSE fully listed and AIM stocks.
	Trailing Stop Order A trailing stop order tracks the share price. The order is only triggered when the price has moved by an amount set by you. So you can lock in gains when you are selling, and/or take the opportunity to buy at a lower price. Available on all LSE fully listed and AIM stocks.
	Please note that Stop orders to buy and Trailing stops are available on request. If you would like further information please call us on 0845 900 3002*

See how we compare:

correct as at November 2006

Broker		Stop Order		Stop Order with Limit Price		Trailing Stop Order		Trailing Stop Order with Limit Price