market-if-touched order

market-if-touched order
( MIT)
They are similar to stop orders in two ways: 1) They are activated when the price reaches the order level; 2) They become market orders once they are activated; however, MIT orders are used differently from stop orders. A buy MIT order is placed below the current market price, and establishes a long position or closes a short position. A sell MIT order is placed above the current market price, and establishes a short position or closes a long position. The CENTER ONLINE Futures Glossary

Financial and business terms. 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • market if touched order — ( MIT) They are similar to stop orders in two ways: 1) They are activated when the price reaches the order level; 2) They become market orders once they are activated; however, MIT orders are used differently from stop orders. A buy MIT order is… …   Financial and business terms

  • Market If Touched — ( MIT ) is a stock purchasing term.An MIT order will be executed when the price is touched (when a predetermined value has been reached and the futures contract will trade or bid at the price.) [cite encyclopedia |last=Carew |first=Edna… …   Wikipedia

  • Market If Touched - MIT — A conditional order that becomes a market order when a security reaches a specified price. When using a buy market if touched order, a broker will wait until the security falls to a certain level before purchasing the asset. A sell market if… …   Investment dictionary

  • Market if touched — In financial markets, market if touched ( MIT ) is a type of order that will be executed when the price is touched (when a predetermined value has been reached and the futures contract will trade or bid at the price.)[1] Stock buyers can place an …   Wikipedia

  • market-if-touched — ( MIT) A price order, below market if a buy or above market if a sell, that automatically becomes a market order if the specified price is reached. Bloomberg Financial Dictionary ( MIT)An order which becomes a market order if a specified price is …   Financial and business terms

  • market if touched — ( MIT)An order which becomes a market order if a specified price is achieved. A buy MIT order is placed below the current market price; a sell MIT is placed above the current market price. Once the market hits the specified price, the order is… …   Financial and business terms

  • market-if-touched (MIT) GLOBEX — An MIT order to buy becomes a market order if and when the instrument trades at a specific or lower trigger price. A sell MIT is placed above the market; a buy MIT is placed below the market. Chicago Mercantile Exchange Glossary …   Financial and business terms

  • market-if-touched (MIT) open outcry — An MIT order to buy becomes a market order if and when the instrument trades at a specific or lower trigger price. A sell MIT is placed above the market; a buy MIT is placed below the market. Chicago Mercantile Exchange Glossary …   Financial and business terms

  • Order (exchange) — An order in a market such as a stock market, bond market, commodity market or financial derivative market is an instruction from customers to brokers to buy or sell on the exchange. These instructions can be simple or complicated. There are some… …   Wikipedia

  • CME Globex Order Types — Unless the customer and broker agree otherwise, it will be presumed that all orders of a type other than those listed below are to be executed by open outcry rather than on the CME Globex System. The following order types are eligible to be… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”