stop limit order

stop limit order
An order that goes into force as soon as there is a trade at the specified price. The order, however, can only be filled at the stop limit price or better. Chicago Mercantile Exchange Glossary
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An order type which essentially combines a stop order and a limit order. As with a stop order, a level is specified at which the order is activated. However, unlike a simple stop order where once the order is activated it is merely traded at the prevailing market price, this order type also has a limit attached. The limit prevents the trader from paying more or receiving less than a particular specified price. For example, a buy stop on a FTSE future with a stop of 6000 and limit of 6010 means that if the market reaches 6000 the buy order is activated, but that the dealer should pay no more than 6010 for the future. Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.

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Look at other dictionaries:

  • Stop-Limit Order — An order placed with a broker that combines the features of stop order with those of a limit order. A stop limit order will be executed at a specified price (or better) after a given stop price has been reached. Once the stop price is reached,… …   Investment dictionary

  • stop-limit order — A variation of a stop order in which a trade must be executed at the exact price or better. If the order cannot be executed, it is held until the stated price or better is reached again. Chicago Board of Trade glossary A stop order that… …   Financial and business terms

  • Stop-limit order — A stop order that designates a price limit. In contrast to the stop order, which becomes a market order once the stop is reached, the stop limit order becomes a limit order once the stop is reached. The New York Times Financial Glossary …   Financial and business terms

  • stop-limit order — /stop lim it/. See stop order. * * * …   Universalium

  • stop-limit order — /stop lim it/. See stop order …   Useful english dictionary

  • stop limit order - GLOBEX and open outcry — An order that becomes a limit order only when the market trades at a specified price. Chicago Mercantile Exchange Glossary …   Financial and business terms

  • stop-limit order — In securities trading, a stop order in which a specific price is set below which the stock may not be sold and above which it may not be purchased …   Black's law dictionary

  • Stop Loss/Stop Limit Order —    ► See S/L …   Financial and business terms

  • Stop-Buy-Order — Orderzusätze oder Handelsoptionen sind Bezeichnungen, die eine Wertpapierorder genauer bezeichnen und bestimmte Bedingungen stellen, unter denen diese Order ausgeführt werden soll. Es gibt generell die Unterscheidung zwischen unlimitierten und… …   Deutsch Wikipedia

  • Stop-Loss-Order — Orderzusätze oder Handelsoptionen sind Bezeichnungen, die eine Wertpapierorder genauer bezeichnen und bestimmte Bedingungen stellen, unter denen diese Order ausgeführt werden soll. Es gibt generell die Unterscheidung zwischen unlimitierten und… …   Deutsch Wikipedia

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