Sell plus order

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Sell plus order

Market or limit order to sell a stated amount of stock provided that the price to be obtained is not lower than the last sale if the last sale was a plus, or zero plus tick, and is not lower than the last sale plus the minimum fractional change in the stock if the last sale was a minimum or zero minimum tick. (In a limit order, sale cannot be lower than the limit, regardless of tick.)

Sell Plus Order

1. An order to a broker to sell a security above its current price.

2. An order to a broker to sell a security at its current price only if the current price is higher than the previous plus tick or zero plus tick. A sell plus order also requires that the current price be higher or the same as the previous trade if the last trade was a zero minimum tick or a minimum tick.
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