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Market-With-Protection Order

A market-with-protection order is a trading order which is made up of a primary market order and a secondary limit order.

If the instruments in question cannot be purchased or sold in full via the market order, the remaining portion is bought or sold using a limit order with a limit that matches or deviates only slightly from the market price at which the market order was executed.

This type of order is primarily used for futures and options trading.

More on this topic:
Swiss securities broker comparison
Swiss online broker order types explained

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