FT MarketWatch

Alternative order

Two orders given to a Broker, for which the Execution of either one automatically cancels the other. One example is combining a Buy limit Order with Buy stop order.The Buy limit Order will only be executed if the Market price is below a specified price, and the Buy stop Order will only be executed if the Market price is above a certain price. If one Order is executed, the other is cancelled. also called Either-or order.

Related Terms: 16 Buy, Broker, Buy limit order, Buy stop order, Call, Cancel, Either-or order, Execution, ECU, ECI, Limit order, Low, Market, Order, Stop order, Top
Other Related Pages: Category: Trading Starting With: A
Semi Related Terms: 595 CLICK HERE TO VIEW