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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.
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Available for options routed to BOX.

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

 

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