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price

Previous trading day's closing price unless otherwise stated. For certain securities, the latest price received from a pricing service is displayed.

Related to Order Entry: Definitions of the price qualifiers are stated below.

Market (MKT) - This is an order to buy or sell a stated amount of a security at the most advantageous price obtainable at the time the order is submitted.

Limit Price - This is a price instruction, where the client wishes to buy or sell securities at a specific price or better. With a sell limit order, the customer is instructing that the sale be made at or above the specified price. With a buy limit order, the customer is instructing the purchase be made at or below the specified price.

Stop Order (STP) - This price is above the prevailing market price on a buy stop, or is below the prevailing market price on a sell stop. Buy stop orders are generally used to limit loss or protect unrealized profits on a short sale. A stop order becomes a market order when a stock trades at or through the stop price.

Stop Limit - This order gives instructions for a limit order to be entered when the Stop Order becomes effective.

Related to Net Asset Value: Market price as of Net Asset Value date.

Related to Trade Confirmation: Execution price for the trade.

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