A direction given to a broker to buy or sell a security or commodity at a specified price or better.
the exchange unveiled a computer-driven system that executes limit orders in seconds
Example sentencesExamples
- Typically, the commissions are cheaper for market orders than for limit orders.
- A reliable broker who can place a limit order using a limit price on the spread should enter this order.
- Try using limit orders to buy within the spread to reduce this instant hit to your wealth.
- Limit orders have the advantage of limiting a loss or minimising a profit that investors want in a share.
- Prior to the rules, market makers could let customer limit orders priced between their quotes simply sit in their books.