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Switch Order |
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Switch order Order for the purchase (sale) of one stock and the sale (purchase) of another stock at a stipulated price difference. Contingent order, swap.
Switch 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 switch 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 $3 more per share. If the broker is unable to do this, then no part of the order is executed. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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