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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

switch order

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.
References in periodicals archive ?
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.
One word of advice that should help you enjoy this event: No exact schedule is available, and bands sometimes switch order at the last minute.
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Most notably, while plenty of airlines might theoretically prefer to switch orders to the A320neo family from the Boeing 737 MAX, Airbus already has a backlog of nearly 5,800 orders for its popular jet family.
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.
For companies interested in global supply chain integration, the network could also extend to central planners who would have an overview of the plans being generated at a local level and, more importantly, the authority to switch orders between the various local sites.