Default order expiry - Can it be changed?

[Synergy]

I'm wondering if it is possible to have an order remain in the market past the standard 20 days. I have an order that I'd very much like to stay where it is but is due to expire tomorrow. Just wondering if there's anything I can do about it.

 

[Whiskers]

I'm wondering if it is possible to have an order remain in the market past the standard 20 days. I have an order that I'd very much like to stay where it is but is due to expire tomorrow. Just wondering if there's anything I can do about it.

Sometime ago I found with Etrade at least, that if you modify your order slightly (I think I modified the number of shares, not price) you maintain your place in the que and start the time clock again. Not sure if it still happens, but may be worth a try.

 

[Synergy]

Sometime ago I found with Etrade at least, that if you modify your order slightly (I think I modified the number of shares, not price) you maintain your place in the que and start the time clock again. Not sure if it still happens, but may be worth a try.

That was my thought as well. My hope anyway... Comsec have told me this is not the case. I was actually hoping they could just manually reset it, but apparently it's out of their control.

Will probably try modifying it in its dying hours.

 

[skyQuake]

That was my thought as well. My hope anyway... Comsec have told me this is not the case. I was actually hoping they could just manually reset it, but apparently it's out of their control.

Will probably try modifying it in its dying hours.

Maybe reduce order quantity by 1 share?

That counts as a refresh. Increasing wont help as it might be treated as 2 separate trades.

 

[papatee]

I think a great deal also depends on who your provider is. Bell Direct allow you to keep an order open indefinitely (including partially filled orders which is very handy), while Netwealth allow you to manually extend the expiry date of an open order (or at least used to haven't traded on that account for a while now). In addition both of these are a fair bit cheaper in brokerage than Commsec and Etrade.

 

[pixel]

I think a great deal also depends on who your provider is. Bell Direct allow you to keep an order open indefinitely (including partially filled orders which is very handy), while Netwealth allow you to manually extend the expiry date of an open order (or at least used to haven't traded on that account for a while now). In addition both of these are a fair bit cheaper in brokerage than Commsec and Etrade.

PariTrade don't have an expiry date either - except when ASX wipes the slate as they do during a suspension.
WestPac allows you to amend an order and just change the expiry date; the default of max 3 weeks is a bit of a pain, but you see on your "manage orders" pad when it'll expire - so you can do something about it. The beauty is you don't lose your place in the queue if you only extend the date.