market-if-touched (MIT) GLOBEX

An MIT order to buy becomes a market order if and when the instrument trades at a specific or lower trigger price. A sell MIT is placed above the market; a buy MIT is placed below the market. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • GLOBEX Order Types — Unless the customer and broker agree otherwise, it will be presumed that all orders of a type other than those listed below are to be executed by open outcry rather than on the GLOBEX System. The following order types are eligible to be entered… …   Financial and business terms

  • CME Globex Order Types — Unless the customer and broker agree otherwise, it will be presumed that all orders of a type other than those listed below are to be executed by open outcry rather than on the CME Globex System. The following order types are eligible to be… …   Financial and business terms

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