alternative order

Alternative order

Used in context of general equities. Order giving a broker a choice between two courses of action, either to buy or sell, never both. Execution of one course automatically eliminates the other. An example is a combination buy limit/ buy stop order, where the buy limit is below the current market and the buy stop is above. If the order is for one unit of trading, when one part of the order is executed on the occurrence of one alternative, the order on the other alternative is to be treated as cancelled. If the order is for an amount of more than one unit of trading, the number of units executed determines the amount of the alternative order to be treated as cancelled. Sometimes known as One Cancels the Other. Also see: Either-or order.

One-Cancels-the-Other Order

An order to conduct two transactions such that, if one transaction is done, then the other is cancelled. For example, an investor may wish to buy both stocks and bonds at a certain price. If the price becomes available for bonds first, that part of the order is filled while the order to buy stocks is cancelled. OCO orders may apply to different types of securities or even to different types or orders; for example, one may contain both stop-loss orders and limit orders. OCO orders are useful to investors who have limited funds and perhaps are unsure about the market's direction at a given time. It is also called an either-or order.

alternative order

A customer order that instructs a broker to complete only one of two possible transactions. For example, an investor holding shares of USX Corp. that were acquired at $45 may have a price target of $75 but may wish to limit any losses to a maximum of $5 per share. The investor would place a limit order to sell at $75 and a stop order to sell at $40. Whichever occurs first will trigger a transaction and cancel the other part of the order. Also called combination order, either-or order, one-cancels-the-other order.
References in periodicals archive ?
The result wasn't an alternative order that stabilizes enlightened regimes and advances democratic values, but utter disorder.
They heard the probation service needs further information and may need to come with an alternative order.
At the two most recent court hearings, the ADP requested a shut-down order as well as an alternative order which would have prevented Morningside Recovery from admitting any new clients.
An online purchase transaction also involves providing information on a web site that consumers would seek such as return policy, delivery time, order tracking, option to cancel an order, shipping cost/free shipping, alternative order delivery methods, and interactive shopping aid or advice feature such as AJAX, tagging, and other forms of instantaneous customer feedback (Fry 2006; Girard, Anitsal and Anitsal 2008) that informs and guides a user toward solutions related to problems and issues the user encounters on a web site (Bart et al.
Her thoughts will challenge you to question and rethink your assumptions, and she'll offer an elusive yet meaningful alternative order to the dubious skepticism you carry around.
When reliable documentation supports an alternative order, the facility's protocol should take precedence.
Bacon concludes Children of NAFTA by warning that mounting pressures and devaluation of the lives of workers "have combined to place workers in a pressure cooker, closing off any alternative order than radical social movements to challenge the status quo.
It is important to note that although certain figures characterized mainly by their conservative identities (Yahya Kemal, Tanpmar, Peyami Safa, Nurettin Topcu) have certain ideas and agendas strictly in opposition with those of the new regime, they introduced no alternative order.
The very nadir of modernism, White is condemned for propagating pessimism about the real world and privileging an alternative order in art: the book ends on an uncharacteristically bitter note with the comment that at least Australia stands with other western cultures in having an uncompromising modernist as its privileged literary icon.
Calvino's "neo-baroque" concern to provide an alternative order to the complexity of experience is also developed by Wright's third chapter which, somewhat repetitively, sets out to explore once more the configurations of the author's search for coherency and order in a world deprived of unified knowledge and codified logic.
Yet he never loses sight of the difficulties encountered by radicals in constructing a counter-culture and an alternative order.
not to stage a rebellion) contradicted previous experiences - whereas the traditional Volkstumult threatened the existing order with "disorder," mass demonstrations staged by the labor movement challenged the existing order with the image (and promise) of an alternative order.

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