Limit order - An order that is only filled a specified price, or better
An order submitted to the electronic order book with a specified size and price which is either held on the order book or executes, either in part or full, against eligible orders with any remaining unexecuted portion being added to the order book.
An order given to a broker by a customer that specifies a price; the order can be executed only if the market reaches or betters that price.
An order to buy a stock at or below a specified price or to sell a stock at or above a specified price. For instance, you could tell a broker buy me 100 shares of XYZ Corp at $8 or less or to sell 100 shares of XYZ at $10 or better. The customer specifies a price and the order can be executed only if the market reaches or betters that price. A conditional trading order designed to avoid the danger of adverse unexpected price changes.
An order to buy shares up to a maximum price or sell down to a minimum price.For example an investor may place a limit order to buy shares at £12 where the current price is say £15 and falling. If the price levels at £13 and goes up again the order would not be placed. If the price fell to £12 or below, the investor"s order would be placed and the maximum he/she would pay would be £12. The point about a limit order is that the client knows what his exposure is.In contrast when a client places an "at best" order, the broker will complete the purchase at the best price available on the "order book" at the time, and the client cannot be sure what that price is going to be.
Limit order : an order that is only filled a specified price, or better
an order submitted to the electronic order book with a specified size and price which is either held on the order book or executes, either in part or full, against eligible orders with any remaining unexecuted portion being added to the order book.
an order given to a broker by a customer that specifies a price; the order can be executed only if the market reaches or betters that price.
an order to buy a stock at or below a specified price or to sell a stock at or above a specified price. for instance, you could tell a broker buy me 100 shares of xyz corp at $8 or less or to sell 100 shares of xyz at $10 or better. the customer specifies a price and the order can be executed only if the market reaches or betters that price. a conditional trading order designed to avoid the danger of adverse unexpected price changes.
an order to buy shares up to a maximum price or sell down to a minimum price.for example an investor may place a limit order to buy shares at £12 where the current price is say £15 and falling. if the price levels at £13 and goes up again the order would not be placed. if the price fell to £12 or below, the investor"s order would be placed and the maximum he/she would pay would be £12. the point about a limit order is that the client knows what his exposure is.in contrast when a client places an "at best" order, the broker will complete the purchase at the best price available on the "order book" at the time, and the client cannot be sure what that price is going to be.
Limit order