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Slave Order


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.



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This section covers a wide-ranging array of terms and concepts, among others, in the area of exchanges and financial marekts at large ...
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