You can use Conditional Trading to potentially limit losses, or to lock in capital gains. Putting Conditional Orders in place can help you to enter or exit the market according to your investment strategy, without having to monitor the market constantly.

Conditional Orders are instructions that you give us based around a set of criteria or market conditions (your 'Trigger') that must be met before your order can be fired.

Conditional Orders have two components; an order to buy or sell a stock and a trigger which specifies the market conditions that must be met before your order can be placed. For example you may want to sell a stock if its price falls below a certain level to protect yourself against further potential losses, you may also wish for your order only to be triggered if more than a certain volume of shares are traded on the same day. The market will be monitored for you and as soon as your chosen trigger criteria are met your order instruction can be fired. Below is a brief description of the conditional orders we offer:

1. Falling Sell: Instruction to place a sell order on the market at a limit price when the security price falls to or below a pre-determined price you have established as a trigger price.

2. Falling Buy: Instruction to place a buy order on the market at a limit price when the security price falls to or below  a pre-determined price you have established as a trigger price.

3. Rising Sell: Instruction to place a sell order on the market at a limit price when the security price rises to or above a pre-determined price you have established as a trigger price.

4. Rising Buy: Instruction to place a buy order on the market at a limit price when security price rises to or above a pre-determined price you have established as a trigger price.

5. Trailing Sell: Instruction to place a sell order at a Market price when the security price rises to or above a level you have set as your trail start price; and then experiences a fall equal to or greater than the trail stop value you have set.

6. Trailing Buy: Instruction to place a buy order at a Market price when the security price falls to or below a level you have set as your trail start price; and then experiences a rise equal to or greater than the trail stop value you have set.

In addition, we can keep you informed when your order is fired, purged, expired and/or executed by sending you a notification via SMS or email. For your convenience when you register for Conditional Trading you will also be registered for our Alerts service.

Please read the Share Trading Terms & Conditions for important information and risks regarding conditional orders.