Day around order(redirected from Day Around Orders)
Day around order
A day order that supersedes (cancels and replaces) the previous order by altering its size or price limit.
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Day Around Order
A day order that cancels another day order. A day around order is usually the same type of order (that is, it orders the broker to buy or sell the same security), but it changes the terms of the previous day order, such as the price or the quantity.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved