switch order

Switch order

Order for the purchase (sale) of one stock and the sale (purchase) of another stock at a stipulated price difference. Contingent order, swap.

Swap Order

An order to a broker to buy a security and sell the same security, but only if the broker can achieve a certain price differential. For example, an investor may make a swap order to buy a certain number of shares of Stock X and sell the same number of shares, but only if the broker can sell them at $1 more per share. If the broker is unable to do this, then no part of the order is executed. A swap order is also called a switch order.

switch order

References in periodicals archive ?
For System Model, System Topology Processor, State Estimation, Switch Order
Although the 90th percentile was lower in the Fourth District than the nation in 1970, the increase in high-poverty neighborhoods between 1970 and 1990 was even greater in the Fourth District than the nation as a whole, causing these 90th percentile bars to switch order by 1990.
NORDIC BUSINESS REPORT-4 April 2001-AerotechTelub wins SEK15m video switch order from Hagglunds Vehicle(C)1994-2001 M2 COMMUNICATIONS LTD http://www.
An undisclosed South Korean LED packager contracted to supply Samsung has reportedly turned to FOREPI since October for the chips and will switch orders originally set aside for Epistar to FOREPI.
And they'll switch orders for up to pounds 1billion worth of parts for their new R40 model overseas as part of that economy drive.
The update would combine with the Fiducian platform and would enable planners to execute switch orders directly from FORCe after reviewing and modelling clients' portfolio changes.
Recently the sharp appreciation of the Japanese yen against the greenback has prompted foreign buyers to switch orders to Taiwan from Japan.