Next Order

A next order is a contingent order placed by an investor with a securities broker. Next orders are also referred to as if-done orders.

A next order is made up of a series of at least two separate orders. These may be market orders, limit orders, stop orders or any other type of order offered by a broker. If and when the first order is filled, the subsequent order is placed.

This type of order can be used to set up a full-circle trade ahead of placing the order. The number and combinations of orders which can be included in a next order are limited only by the options provided by individual brokers.

More on this topic:
Swiss online trading platform 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.