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Market if touched

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In financial markets, market if touched ("MIT") is a type of order that will be executed when the price is touched (when a predetermined value has been reached and the futures contract will trade or bid at the price.)[1]

Stock buyers can place an MIT order to buy or to sell.

References

  1. ^ Carew, Edna (1985). "Market-if-touched order". The language of money. London: Allen & Unwin. pp. 210–211. ISBN 0-86861-439-4. OCLC 12938967. Retrieved 2008-08-15.