I placed an order on POEMS but my order was rejected
Please take note of following error messages
- Error Message “ Order Size Exceeds 30 Days Ave Daily Vol Check Order size for US trades exceeding the stock’s 30 days’ average daily volume will be rejected by the system.
- Error Message : 00614-LIMIT/STOP ORDER EXCEEDS THE PERCENTAGE OF DEVIATION DURING MARKET HOURS
Trading Rule 614 requires that Limit orders at or below $5 per share would be permitted up to 10%, between $5 to $50 per share would be permitted up to 5% and with limits above $50 per share would only be permitted 3% marketability
Orders exceeding these stipulated marketability will be rejected.