MARKET IF TOUCHED - MIT
A conditional order to become a market order only if a security reaches or touches a specific price. When a buy market-if-touched order occurs, a dealer will hold on to the security until it falls below the current trading price. Conversely, a sell market-if-touched order will take place if the security price goes up the present trading price.
Also called board order.
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Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
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Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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