Trading Markets Flashcards
SLOBS ?
sell limit , buy stop
SLOBS
orders set above market value and executed if market rises
BLUSS ?
buy limit , sell stop
BLUSS
orders set below mkt value and executed if market falls
sell limit
sell at X or HIGHER
above, execute up
buy stop
triggers at stop price or HIGHER
turns into market order on next trade
used to limit loss on SHORT SALE
buy limit
buy at X or LOWER
below, execute down
sell stop
triggers at stop price or LOWER
turned to market order next trade
used to limit loss on LONG
Fill or Kill
order type that entire order must be filled on 1st try or ORDER CANCELLED
All or None
fill entire order throughout day or CANCEL
Immediate or Cancel
fill as much as possible then cancel remainder
primary market
newly issued shares first time
secondary market
1-4 market and sold after issuing
1st mkt
exchange floor
2nd mkt
OTC unlisted securities
3rd mkt
listed securities OTC
4th mkt
institutions trading (ECN)
round orders
100
odd orders
below 100
block orders
10,000 +
