Market if touched

In financial markets, market if touched or MIT is a type of order that will be executed when the price is touched (when a predetermined value has been reached and the futures contract will trade or bid at the price).[1][2]

This type of order triggers a market order only when the security reaches a specified sell price.[3] Stock buyers can place an MIT order to buy or to sell.

References

Carew, Edna (1985). "Market-if-touched order". The language of money. London: Allen & Unwin. pp. 210–211. ISBN 0-86861-439-4. OCLC 12938967. Retrieved 2008-08-15.
"Market-if-touched (MIT) Definition - Nasdaq".
"Market-If-Touched (MIT) Order: Meaning, Overview, Example". Investopedia. Retrieved 2023-07-25.

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[1] Carew, Edna (1985). "Market-if-touched order". The language of money. London: Allen & Unwin. pp. 210–211. ISBN 0-86861-439-4. OCLC 12938967. Retrieved 2008-08-15.

[2] "Market-if-touched (MIT) Definition - Nasdaq".

[3] "Market-If-Touched (MIT) Order: Meaning, Overview, Example". Investopedia. Retrieved 2023-07-25.