swap order

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Swap Order

An order to a broker to buy a security and sell the same security, but only if the broker can achieve a certain price differential. For example, an investor may make a swap order to buy a certain number of shares of Stock X and sell the same number of shares, but only if the broker can sell them at $1 more per share. If the broker is unable to do this, then no part of the order is executed. A swap order is also called a switch order.

swap order

A specialized security order in which a customer specifies that two transactions be made only if a given price differential can be achieved. For example, an investor might specify that 500 shares of one security be purchased and 500 shares of another security be sold only if the former can be executed for $5 per share less than the latter. Also called switch order.
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The update would combine with the Fiducian platform and would enable planners to execute switch orders directly from FORCe after reviewing and modelling clients' portfolio changes.
An undisclosed South Korean LED packager contracted to supply Samsung has reportedly turned to FOREPI since October for the chips and will switch orders originally set aside for Epistar to FOREPI.
And they'll switch orders for up to pounds 1billion worth of parts for their new R40 model overseas as part of that economy drive.
Although our revenues were lower than expected, the shortfall was primarily due to delays in revenue recognition for previously booked switch orders and delays in expected Bandwidth Optimization orders," said Doug Sabella, Chief Executive Officer of Veraz Networks.
Recently the sharp appreciation of the Japanese yen against the greenback has prompted foreign buyers to switch orders to Taiwan from Japan.
The shortfall from previous guidance is primarily due to (1) approximately $2 million in Company's In-Flight Entertainment and Communications ("IFE&C") business that was originally scheduled for shipment in 2007, but is now scheduled for shipment in the first half of 2008 due to customer delays and (2) approximately $1 million in delayed switch orders associated with the Defense Logistics Agency.
In addition, the second quarter gross margin was negatively impacted by the delayed receipt of higher margin digital switch orders from the DSA as well as temporary gross margin reductions incurred during RO's transition of production to an outside contract manufacturer.
Deployments within existing customers are broadening to cover more locations and users, and about half of all LANShield Switch orders came from existing LANShield Controller customers
However, our major customers, who we had expected to place additional ATM switch orders in the quarter, have held those orders pending delivery and testing of this capability.