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They are also able to give some limited orders such as hold or advance.
If the firm did so trade, it was required to immediately fill the limit order.
But a dispute erupted over whether the limit order system would really work.
The police were called and had arrived by the interval, but restored only limited order.
They generally placed limit orders, which are filled at or below a set price.
To be sure, no broker has to accept limit orders.
The former is a limited order, the latter a full order.
Instead, brokers would take limit orders with set prices, like an order to buy only if the price was $30 or less.
The loser would be the person who put in the limit order that was traded through, he said.
It would require, for example, that all limit orders be exposed to the market.
Production of these units was low due to limited orders and they are rare today.
The exchange has promised that it will show small investors much more information from its limit order books.
Limit orders are executed only at a specified price or better.
One investor enters a limit order to buy a stock at $20, and another may be trying to sell it for the same amount.
If the limit order was executed, the buyer would have gotten a better deal than had he simply bought at the asked price.
A limit order, however, executes at or better than a price you specify.
The exchange said that last December, it handled just over six million limit orders.
The other delay that was granted concerned the display of limit orders.
Limit orders - set a higher target exchange rate at which you will buy/sell your currency.
The Nasdaq, by contrast, already gives investors some information about limit orders, and more is coming.
But other Big Board limit orders would not be protected.
But even with the extra fee, a limit order costs only about $13 at Ameritrade.
In any case, a limit order above the market is supposed to be executed at the market if possible.
He voiced confidence that in fact most limit orders would be executed.
A buy limit order can only be executed at the limit price or lower.