Market if Touched MIT Order
Definition
An order that becomes a market order when a particular price is reached. A sell MIT is placed above the market; a buy MIT is placed below the market. Also referred to as a board order. Compare to Stop Order.
Related Terms Other terms related to 'Market if Touched MIT Order' starting with the letter 'M' Mini, Macro Fund, Mark to Market, Market Maker, Managed Account Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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