Series 7: 17.4.2.2.2. Time Orders

Taken from our Series 7 Online Guide

17.4.2.2.2. Time Orders

A time order is one that becomes a market order or limit order at a specified time. If it becomes a limit order, it may or may not be filled.

Day Order. This is a stop or limit order that is only good from the time it is placed until the ending of the trading session of the exchange it trades on. If it is not filled, it will be cancelled.

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