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At Or Better

TradingKeyTradingKeyTue, Apr 15

“At Or Better” is an order instruction used in the trading of securities that instructs a broker to execute the order at a designated price or a more favorable one.

The “better” component refers to achieving a lower price than the specified amount for buy orders or a higher price for sell orders.

When a buy order is placed, “At Or Better” indicates that the broker should purchase the security at the specified limit price or at a price lower than that limit price.

On the other hand, when a sell order is placed, “At Or Better” signifies that the broker should sell the security at the specified limit price or at a price higher than that limit price.

This type of order enables traders and investors to define the least favorable price they are willing to accept while also allowing for the possibility of a better price.

The order ensures that the trader will not pay more or sell for less than a certain price, but it does not guarantee that the order will be executed, particularly in rapidly changing or thinly traded markets where the specified price may not be reached.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.
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