Common use of Pending Order Clause in Contracts

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.

Appears in 2 contracts

Sources: Client Agreement, Client Agreement