Used for listed equity securities. Market limited price order to buy/sell a specified percentage (usually 50%) of shares traded (sometimes after a fixed number of shares of the stock have already traded). See: participating buyer/seller, "Participate but do not initiate."
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A buy or sell order to a broker , with the added instruction to withhold executing the order until a certain number of shares in the security have been traded.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A customer order to purchase or sell shares of a stock after a specified number of shares of the same stock have been traded.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.