Two orders given to a broker, for which the execution of either one automatically cancels the other. One example is combining a buy limit order with buy stop order.The buy limit order will only be executed if the market price is below a specified price, and the buy stop order will only be executed if the market price is above a certain price. If one order is executed, the other is cancelled. also called either-or order.
Related information about alternative order:
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An investor mandate to buy or sell a particular stock or other financial instrument on what amounts to a first-come-first-served basis. For example, an investor ...
- Alternative Order: Definition from Answers.com
order giving a broker a choice between two courses of action; also called an either-or order or a one cancels the other order.
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Definition of alternative order: Two orders given to a broker, for which the execution of either one automatically cancels the other. One example is combining a ...
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Definition of alternative order: Buy or sell' instruction by a client to an agent or broker under which execution of one choice preempts the other. The agent or ...
- Alternative Order - Financial Dictionary - The Free Dictionary
Used in context of general equities. Order giving a broker a choice between two courses of action, either to buy or sell, never both. Execution of one course ...
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- Alternative Order Definition & Example | InvestingAnswers
We explain the definition of Alternative Order, provide a clear example of how it works and explain why it's an important concept in business, finance & investing.