Market if touched (MIT)

Market if touched (MIT),

Definition of Market if touched (MIT):

  1. An order to sell or buy a security at the best bid or ask if a trade takes place at a certain price level. A market if touched buy order is placed below the current trading price and a market if touched sell order is placed above the current trading price. Compare to Stop Order.

Meaning of Market if touched (MIT) & Market if touched (MIT) Definition