Conditional Order Execution
Conditional orders allow you to place an order that will only enter the market if your specified condition is met. For example, you could set an order to buy 100 shares of XYZ when it reaches its 52-week low. Our systems monitor XYZ's prices for you, and when/if your condition is met, then your order is placed.
Consistent with how other order types are executed, we only monitor a symbol after the opening print on the symbol's primary exchange. After the symbol has opened for trading, Conditional orders can be triggered off the last trade or NBBO; this is dependent upon the trigger type chosen.