Box Top

A BOX TOP order is sent in as a market order to execute at the current best price. If the entire order does not immediately execute at the market price, the remainder of the order is re-submitted as a limit order with the limit price set to the price at which the market order portion of the order executed.

To create a BOX TOP order

  1. Click the Ask price to create a BUY order, or the Bid price to create a SELL order.
  2. In the Type field select BOX TOP as the order type.
  3. To transmit the order, click the "T" in the Status field.
boxtop.gif

 

Available for options routed to BOX.

For details on Box Top orders, visit the Order Types information page.