Threshold Triggered Order

A threshold triggered order (TTO) is an order type by which an investor can specify two trigger prices – one upper and one lower trigger. If the price of a security reaches either the upper or the lower limit, the order becomes a market order and the broker buys or sells securities as specified.

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
Limit-if-touched order

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