Sell limit order

Sell limit order

Conditional trading order that indicates that a security may be sold at the designated price or higher. Related: Buy limit order.
References in periodicals archive ?
We are particularly interested in examining whether price clustering asymmetry in buy and sell limit order flows is contingent upon the direction of the market and the performance of the firm's equity.
Our next set of tests examines whether the price clustering asymmetry in buy and sell limit order flows is contingent upon whether firm, or market prices are increasing or decreasing.
We find that executed sell limit orders cluster more frequently on round increments than buy limit orders and that this asymmetry in clustering is consistent with the well-documented asymmetry in price response to marketable orders.
Similarly, a nonmarketable sell limit order is a sell limit order with a price limit above the NBB at the time it is sent, because at that moment, no one in the market is willing to buy at a price this high.
Why might Lightning wish to cancel its sell limit order on NASDAQ?
It's a buy or sell limit order which remains valid for 45 days.
Wanting to sell near the high, you enter the following sell limit order: "Sell 100 shares of XYZ at $45." Here the sell limit price is entered above the stock's current market price.
Lowprice then posts a new 1,000-share sell limit order for IBM on EDGE for $161.13.
Using an ultra-fast connection between the co-location facility at NYSE and Opaque, a sell limit order for 1,000 shares at $161.13 is sent to Opaque with the condition attached that it cancel if it does not transact immediately (a so-called "IOC" order).
A similar argument applies to low limit prices associated with sell limit orders.
In addition, NYSE Rule 118 and AMEX Rule 132 dictate how specialists must handle the prices specified by good-till-canceled buy and sell limit orders.
NYSE Rule 118 and AMEX Rule 132 lead to nonzero abnormal ex-day returns under the following conditions: (i) the mean last cum-dividend day closing price is the mean of the inside quotes specified by outstanding good-till-canceled buy and sell limit orders, (ii) on the ex-dividend day, the bid and asked quotes are those of outstanding limit orders previously placed by investors during the cum-dividend period and adjusted as specified by NYSE Rule 118 and AMEX Rule 132, and (iii) the closing trade on the ex-day is at one of these two quotes, with equal probabilities.(8)