Market If Touched - MIT

Market If Touched - MIT
A conditional order that becomes a market order when a security reaches a specified price. When using a buy market-if-touched order, a broker will wait until the security falls to a certain level before purchasing the asset. A sell market-if-touched order will activate when the price of a security rises to the specified level.

Also referred to as a "board order".

A MIT order allows investors to purchase or sell a security at a desired value, without actively monitoring the market. This order is similar to a stop order, however, the buy and sell actions are inverse. For example, a buy MIT order looks for the price of an asset to fall, while a buy stop order activates when the market value of the security increases past a specified level.


Investment dictionary. . 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • market-if-touched (MIT) GLOBEX — An MIT order to buy becomes a market order if and when the instrument trades at a specific or lower trigger price. A sell MIT is placed above the market; a buy MIT is placed below the market. Chicago Mercantile Exchange Glossary …   Financial and business terms

  • market-if-touched (MIT) open outcry — An MIT order to buy becomes a market order if and when the instrument trades at a specific or lower trigger price. A sell MIT is placed above the market; a buy MIT is placed below the market. Chicago Mercantile Exchange Glossary …   Financial and business terms

  • Market If Touched — ( MIT ) is a stock purchasing term.An MIT order 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.) [cite encyclopedia |last=Carew |first=Edna… …   Wikipedia

  • Market if touched — In financial markets, market if touched ( 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] Stock buyers can place an …   Wikipedia

  • market-if-touched — ( MIT) A price order, below market if a buy or above market if a sell, that automatically becomes a market order if the specified price is reached. Bloomberg Financial Dictionary ( MIT)An order which becomes a market order if a specified price is …   Financial and business terms

  • market if touched — ( MIT)An order which becomes a market order if a specified price is achieved. A buy MIT order is placed below the current market price; a sell MIT is placed above the current market price. Once the market hits the specified price, the order is… …   Financial and business terms

  • market-if-touched order — ( MIT) They are similar to stop orders in two ways: 1) They are activated when the price reaches the order level; 2) They become market orders once they are activated; however, MIT orders are used differently from stop orders. A buy MIT order is… …   Financial and business terms

  • market if touched order — ( MIT) They are similar to stop orders in two ways: 1) They are activated when the price reaches the order level; 2) They become market orders once they are activated; however, MIT orders are used differently from stop orders. A buy MIT order is… …   Financial and business terms

  • MIT (disambiguation) — MIT commonly refers the Massachusetts Institute of Technology, an American university. MIT may also refer to: Institutes of Technology Machakos Institute of Technology, a college in Machakos, Kenya Madras Institute of Technology Chromepet, an… …   Wikipedia

  • MIT order — ( market if touched) A price order, below market if a buy or above market if a sell, that automatically becomes a market order if the specified price is reached. Bloomberg Financial Dictionary …   Financial and business terms

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”