Northbound Trading definition
Examples of Northbound Trading in a sentence
Physical deposit and withdrawal of China Connect Securities are not available under the Northbound Trading.
As a result, there is no assurance that a buy order for Northbound Trading can be successfully placed through Stock Connect.
The Client should be aware of the risk of price fluctuations in China Connect Securities during the time when the Stock Connect is not available for Northbound Trading.
If there is a suspension of buying China Connect Securities through Northbound Trading as a result of a breach of the Daily Quota, Galaxy International Securities will be unable to carry out any buy orders and any Instruction to buy submitted but not yet executed will be rejected.
Although the likelihood of a default by ChinaClear is considered to be remote, the Client should be aware of this arrangement and of this potential exposure before engaging in Northbound Trading.