Market-to-Limit Order

A market-to-limit order is a type of order placed to a securities broker by an investor which is made up of two parts – a market order and a limit order.

The purchase bid or sale offer are made as a market order first. If the order cannot be filled in full at the best available bid or offer by the time the market order expires, the market order is canceled and a limit order is given for the remaining portion of the order.

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Daniel Dreier is editor and personal finance expert at moneyland.ch.

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