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), which matches orders using price-time priority: the best-priced order executes first, and when two orders share the same price, the one entered earlier takes precedence. This queue is managed entirely by the exchange, not by Pluang — Pluang simply forwards your limit order to JATS and reflects the result back in your app. Because Indonesian Stocks on Pluang currently support Limit Orders only, with Day validity, your order sits in the exchange queue until it matches an opposing order or the trading day ends, at which point any unmatched order automatically expires and held funds are returned to your RDN.

How the IDX order queue works:

1. Price priority — For buy orders: higher bids take priority. For sell orders: lower asks take priority.
2. Time priority — If two orders have the same price, the one entered first is executed first.
3. Automatic matching — JATS matches buy and sell orders automatically, without manual intervention from Pluang or the investor.

What this means for you:

• Your limit order enters the exchange queue and waits until a matching opposing order appears
• Since Day is currently the only order validity type for Indonesian stocks on Pluang, any order still unmatched at market close expires automatically
• Pluang does not support Market Orders for Indonesian Stocks, so every order goes through this same price-time queue

Related questions:

Q: Why hasn't my limit order filled even though the price has reached my level?
Many other orders at the same price likely entered the queue before yours — JATS uses time priority whenever prices are equal.

Q: Can my order be partially filled?
Yes. JATS will execute whatever quantity is available and leave the remainder open in the queue as a partial fill.

Q: What happens to my order if the stock hits ARA or ARB while it's queued?
Your unfilled order stays in the queue rather than being cancelled, but won't match until the price returns within the allowed range or the order expires.

Q: Can I see my position in the order queue or view market depth on Pluang?
Pluang's Trade Page includes a live order book for Indonesian Stocks showing aggregate bid and ask volumes — market depth, not your individual queue position.

Q: Does Pluang support Market Orders that skip the queue?
No. Indonesian Stocks on Pluang support Limit Orders exclusively — every order goes through the same price-time priority queue.