Order Types
The MBTX smart route offers a variety of advanced order types for equities, options¹, and futures¹ which provide tremendous flexibility when placing your trades. Even with our low per share commissions, there is never an additional fee to place any order type listed below!
Plus Orders, also referred to as "combination" orders, actually combine two different order types. Upon execution of any part of the initial order, the second order is triggered on the opposite side for the same number of shares².
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1. All order types may not be available for options and futures. The available order types for options trading are currently limit, market, stop market, stop limit, and trailing stop.
2. It is recommended that clients using Plus / Combination orders select Plan A or C, which will result in an overall lower commission than Plan B. Each partially filled portion of your initial order will trigger a closing order for an equal number of shares which will be charged as separate orders. Example: If a 1,000 share Limit + Stop Market order receives 10 100-share partials, the commission on the first part of the order will be $7.50 and the closing order will be $10.00.
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Order Types
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