Pending Order Clause Samples
Pending Order. Pending order is an order to buy or sell a security at a pre-defined price in the future. This type of orders is used for opening of a trade position provided the future quotes reach the predefined level. There are four types of pending orders available in the platform: • Buy Limit – buy provided the future "ASK" price is equal to the predefined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having fallen to a certain level, will increase; • Buy Stop – buy provided the future "ASK" price is equal to the predefined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing; • Sell Limit – sell provided the future "BID" price is equal to the predefined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall; • Sell Stop – sell provided the future "BID" price is equal to the predefined value. The current price level is higher than the value of the placed order.
Pending Order. Even after termination of this Agreement by any reason whatsoever, the provisions of this Agreement shall be applicable to the order placed before termination, but which is to be performed after such termination.
Pending Order. All pending orders (Buy Limit, Sell Limit, Sell Stop, Buy Stop, Take Profit & Stop Loss) will be executed at the market price when opened. For example: If you request a sell stop order on Dow ▇▇▇▇▇ Index at 33,000, and the next price of DJI is 31,000, then your order will be executed at 31,000.
Pending Order. An order or trade that has yet to be executed