Market-If-Touched Order

A market-if-touched (MIT) order is an order placed to a broker which specifies that a security must be bought or sold at market rates if and when its price reaches a certain limit.

For example, an investor may use a market-if-touched order to have their broker buy a specific stock if its price falls below a certain level.

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
 

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