Finance:Market if touched
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In financial markets, market if touched or MIT is a type of order that will be executed when the price is touched (when a predetermined value has been reached and the futures contract will trade or bid at the price).[1][2]
This type of order triggers a market order only when the security reaches a specified sell price.[3] Stock buyers can place an MIT order to buy or to sell.
References
- ↑ Carew, Edna (1985). "Market-if-touched order". The language of money. London: Allen & Unwin. pp. 210–211. ISBN 0-86861-439-4. OCLC 12938967. http://www.anz.com/edna/dictionary.asp?action=content&content=market-if-touched_order. Retrieved 2008-08-15.
- ↑ "Market-if-touched (MIT) Definition - Nasdaq". https://www.nasdaq.com/glossary/m/market-if-touched.
- ↑ "Market-If-Touched (MIT) Order: Meaning, Overview, Example" (in en). https://www.investopedia.com/terms/m/marketiftouched.asp.
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