What is a market if touched order (MIT)?
A market if touched (MIT) is an order to buy or sell below (or above) the market. Its purpose is to take advantage of sudden or unexpected changes in share…
What is a trailing stop order?
A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached "trailing" amount. As the market price rises, the stop price…
What is a good ’til canceled order (GTC)
An order that uses the good 'til canceled (GTC) time in force will continue to work until the order fills or is canceled. This duration allows the trader to place…
What is an immediate or cancel order (IOC)?
The immediate-or cancel (IOC) time in force applied to an order dictates that any portion of the order that does not fill immediately will be canceled.
What is a market on open order (MOO)?
A market-on-open (MOO) order combines a market order with the OPG time in force to create an order that is automatically submitted at the market's open and fills at the…
What is a market on close order (MOC)?
A market on close (MOC) order is a market order that is submitted to execute as close to the closing price as possible. Summary of NYSE markets (NYSE, NYSE MKT,…
What is a stop order?
A stop order is an instruction to submit a buy or sell market order if and when the user-specified stop price is reached or goes through the price. A stop…
What is an all or none order (AON)?
An all or none order attribute specifies to fill your order all at once or none at all. An all or none order does not take any partial order fills.…
What is a market order?
A market order is an order to buy or sell at the market bid or offer price. A market order may increase the likelihood and speed of an order execution…
What is a limit order?
A limit order is an order to buy or sell at a specified price or better. A buy limit is an order to purchase the security at the limit price…