scale order
(redirected from Scale Orders)Scale order
Order to buy (sell) a security that specifies the total amount to be bought (sold) and the amount to be bought (sold) at successively decreasing (increasing) price intervals; often placed in order to average the price.
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Scale Order
1. An order to buy a security where the client requests the order be executed at several, different times at successively lower prices. For example, a scale order may be an order to buy on three different occasions when the prices are $11, $10 and $9.
2. An order to sell a security where the client requests the order be executed at several, different times at successively higher prices. For example, a scale order may be an order to sell on three different occasions when the prices are $9, $10 and $11.
2. An order to sell a security where the client requests the order be executed at several, different times at successively higher prices. For example, a scale order may be an order to sell on three different occasions when the prices are $9, $10 and $11.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
scale order
A specialized brokerage order that requests multiple executions at varying prices for the same security; for example, when an investor who wishes to liquidate a security position in a rising market spaces orders to sell specified numbers of shares at half-point price intervals.
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.