A type of contingent order (contingent trade order) that only becomes active if another order (known as the primary order) is executed. An example is a working order to buy 100 shares of a given stock at 25 monetary units and a contingent order to sell at 24 Stop if Bid (to limit losses on the short position) contingent on the execution of the first order.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments