In financial markets, market if touched or MIT is a type of
order
Order, ORDER or Orders may refer to:
* A socio-political or established or existing order, e.g. World order, Ancien Regime, Pax Britannica
* Categorization, the process in which ideas and objects are recognized, differentiated, and understood
...
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).
This type of order triggers a market order only when the security reaches a specified sell price.
Stock buyers can place an MIT order to buy or to sell.
See also
*
Correlation trading
*
Limit order
An order is an instruction to buy or sell on a trading venue such as a stock market, bond market, commodity market, financial derivative market or cryptocurrency exchange. These instructions can be simple or complicated, and can be sent to e ...
References
External links
Trading Resources
Financial markets
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