contingent order

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Contingent order

An order which can be executed only if another event occurs; i.e. "sell Oct 45 call 7-1/4 with stock 52 or lower".

Contingent Order

An order to a broker to conduct a transaction on the assumption that a related transaction is conducted. The related transaction may occur before, after, or at the same time as the contingent order. That is, an investor may give an order to his/her broker to buy Stock A contingent upon the sale of Stock B. A common example of a contingent order is a buy-write, in which an investor orders his/her broker to buy a security and at the same time write an option with that security as the underlying asset.

contingent order

A special type of security order that instructs the broker to take some action only in the event that something else has occurred. An example would be an order to sell call options on Westinghouse common stock only after shares of Westinghouse have been purchased at a specified limit price.
References in periodicals archive ?
The firms platform provides a gateway to the growing spot marketplace with anonymous execution of spot currency pairs and contingency orders, including stops and limits while also supporting client-to-client trading.
Selected Reserve Airmen who are not on contingency orders must apply during the open season each year from Sept.

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