At or Better

In trading, the term at or better denotes an instruction given to a broker to buy or sell an asset if and when its price reaches or exceeds a predefined rate, or falls to or below a predefined rate.

The term is often used synonymously with the term limit order. However, limit orders may be strict (a specific price at which a security should be bought or sold) or they may be limit-or-better (identical to at-or-better orders). The way in which these terms are used varies between brokers and exchanges.

At-or-better orders are used by traders who want to set up a purchase or sale in advance, so that their brokers can automatically fulfill their order when the price of a security reaches a certain rate without their involvement. At-or-better orders are also used by investors to guarantee that they will not pay more or receive less than for securities than the price they want.

More on this topic:
Interactive stock broker comparison

About moneyland.ch

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 80 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.