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 ?
He understands he has created this situation but would comply with any alternative order the court could make.
The result wasn't an alternative order that stabilizes enlightened regimes and advances democratic values, but utter disorder.
These conflicts were certainly present in 2010, but they have intensified in the years since Saleh's ouster and the continued erosion of the central government's ability to impose an alternative order.
Just as order is constituted and maintained by a powerful state, historically, erosion of the system is the result of conflict stemming from the emergence of a power block which has different values and is in favor of an alternative order.
In the alternative order we are trying to propagate, ethical companies will not only reap respect but also attract the best workers, gain the loyalty of clients, be rewarded with incentives, and be given the chance to compete on a level playing field.
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.
Mary hoped for "an alternative order that can collapse the boundaries between the domestic and the cerebral.
When reliable documentation supports an alternative order, the facility's protocol should take precedence.
There are at least four alternative order models to the most well-known cognition-affect-conation alternative, and on theoretical or empirical grounds there are no good reasons to eliminate any of them at this time.
Why would the master editor arrange these narratives in an alternative order of the commandments known only from an obscure reference in Jeremiah 7 (theft, murder, adultery), when the standard tradition with which the master editor was working in Genesis through Kings clearly portrayed another order (murder, adultery, theft) in Exodus 20 and Deuteronomy 5?

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