How does the stock order queue work on Pluang?
Stock orders placed on Pluang are routed directly to the IDX trading system (JATS — Jakarta Automated Trading System). The IDX matches orders based on price-time priority: orders with the best price are executed first, and if prices are equal, the earliest order takes precedence.
How the IDX order queue works
- Price priority — For buy orders: higher bids take priority. For sell orders: lower asks take priority.
- Time priority — If two orders have the same price, the one entered first is executed first.
- Automatic matching — JATS automatically matches buy and sell orders without manual intervention.
What this means for you
- Your limit order enters the exchange queue and waits until a matching opposing order appears
- Execution can be immediate (if a matching order exists at your price) or may take time
Related questions:
Q: Can Pluang show me my position in the order queue?
[Verify: confirm whether Pluang displays queue position information or an order book view to users.]
Q: Why hasn't my limit order filled even though the price has reached my level?
This can happen if many other orders at the same price entered the queue earlier. The IDX uses time priority when prices match.
Q: Can my order be partially filled?
Yes. Orders can be partially executed (partial fill) if there isn't enough volume on the opposing side at your specified price.
Q: What happens to my order if the stock hits ARA or ARB?
If a stock reaches its Auto Rejection Upper (ARA) or Lower (ARB) limit, trading is temporarily halted. Unfilled orders remain in the queue until their validity expires.
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