sell plus
Sell Plus Order
1. An order to a broker to sell a security above its current price.
2. An order to a broker to sell a security at its current price only if the current price is higher than the previous plus tick or zero plus tick. A sell plus order also requires that the current price be higher or the same as the previous trade if the last trade was a zero minimum tick or a minimum tick.
2. An order to a broker to sell a security at its current price only if the current price is higher than the previous plus tick or zero plus tick. A sell plus order also requires that the current price be higher or the same as the previous trade if the last trade was a zero minimum tick or a minimum tick.
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sell plus
A customer order to sell a security only at a price higher than the most recent price it sold at. Thus, the order is to be executed only on an uptick.
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.