Limit-If-Touched Order

A limit-if-touched (LIT) order is a trading order type which allows an investor to specify a limit higher than the going market rate at which they want their broker to sell specific securities (sell LIT).

Investors can also use a limit-if-touched order to specify a price lower than the going market rate at which they want their broker to purchase specific shares (buy LIT). Only when market rates reach the predefined limit does the broker fulfill the order.

More on this topic:
Swiss stock broker comparison
Limit order
Day order
Good for day order
Fill or kill order
Limit-on-close order
Limit-on-open order
Market order
Market-on-open order
Market-on-close order
Stop market order
Stop limit order
Trailing stop order
Reserve order
Discretionary reserve order
Pegged reserve order
Market-if-touched order
Stop loss order

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