Market If Touched ( MIT )

A Market If Touched order is similar to a stop order in that it is executed only if the commodity price reaches a specified level. Like a stop order, when the market trades at or through the price, the order becomes a market order. The difference between the stop order and an MIT order is that an MIT order to sell is placed above the current futures market price, and an MIT order to buy is placed below the current market price. An execution for this type of commodity order may be at, above, or below the originally specified price.

 Limit Order                      Commodity Order Types                      Market On Close 

Information is believed to be reliable and is provided 'as is' without warranty.