Participate but do not initiate

Participate but do not initiate

Used for listed equity securities. "Participate in the side of the market indicated by the order, but do not initiate the interest that causes the trade to take place." This kind of order can cause one to "miss stock" because the broker of investor is at the mercy of the player who does initiate the trade. See: Market order go along, percentage order.

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Industry/Domain: Financial services
Category: General Finance
Company: Bloomberg
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