Away From The Market

DEFINITION of 'Away From The Market'

An expression that is used when the bid on a limit order is lower than the current market price or the offer price is higher than the current market price, for a particular security. An away from the market order is a limit order to buy at a price lower than the current market price and an order to sell at a price higher than the current market price. The opposite of an away from the market order is an in-line order.

BREAKING DOWN 'Away From The Market'

Away from the market limit orders are typically held for later execution, unless specified as Fill or Kill (FOK) orders. Away from the market refers to orders that are entered at a price that is not immediately available. For example, a limit order to buy 100 shares of Microsoft at $28.00 is away from the market if the stock is presently trading at $32.00 per share. Similarly, a limit order to sell 100 shares of Microsoft at $36.00 is away from the market when shares are currently trading at $32.00.

RELATED TERMS
  1. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  2. Bracketed Buy Order

    A buy order that is accompanied by a sell limit order above the ...
  3. Above The Market

    An order to buy or sell at a price set higher than the current ...
  4. Buy Limit Order

    An order to purchase a security at or below a specified price. ...
  5. Scale Order

    A type of order that comprises several limit orders at incrementally ...
  6. Bracketed Sell Order

    A sell order on a short sale that is accompanied (or "bracketed") ...
Related Articles
  1. Trading

    Introduction To Order Types: Limit Orders

    Note: Use a limit order to guarantee a price. A limit order allows precise order entry. A limit order is appropriate if getting a specific price is more important than getting filled.A limit ...
  2. Trading

    Intermediate Guide To MetaTrader 4 - Order Types

    Traders have the option of placing different order types using the MT4 platform. Market OrderA market order is the most basic type of trade order and is used to buy or sell a security at the ...
  3. Trading

    How To Start Trading: Order Types

    The types of orders you use can have a large effect on your trading performance, so understanding the different order types is important to your success.
  4. Trading

    The Basics Of Trading A Stock

    Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
  5. Trading

    Introduction To Order Types: Market Orders

    Note: Use a market order to guarantee a fill. A market order is the fastest and most reliable way to get in out of a trade. A market order is appropriate if getting filled is more important than ...
  6. Markets

    Explaining Market Orders

    A market order is the most common order used to purchase a financial security.
  7. Trading

    Online Stock Traders

    Online stock traders place buy/sell orders for financial securities and/or currencies with the use of a brokerage's Internet-based proprietary trading platforms. The use of online trading increased ...
  8. Trading

    How To Place A Trade With FXCM Markets: Placing A Trade

    FXCM's Trading Station makes it very easy for traders to place five different types of orders via either their online or offline platforms. These orders include: Market Order - Orders to ...
  9. Trading

    Making The Trade: Understand Order Types

    Buying and selling stock can be a lot like buying or selling a car. Traders should use and understand tools such as market orders, limit orders, day orders, and good-'til-canceled orders to ensure ...
  10. Trading

    Introduction To Order Types: Duration

    In addition to market, limit, stop and conditional orders, traders can also specify for how long they wish the order to be in effect; that is, how long the order will remain in the market until ...
RELATED FAQS
  1. What's the difference between a market order and a limit order?

    Buy and sell trades with market orders at the present stock price and execute limit orders if the stock price falls within ... Read Answer >>
  2. How do I place a limit order online?

    Learn how a limit order is placed, the types of stocks it is most useful for and the specifications placed with it to suit ... Read Answer >>
  3. What are the advantages of a limit order over a market order?

    Understand the functional differences between a limit order and a market order and the respective advantages and disadvantages ... Read Answer >>
  4. How can I use a buy limit order to buy a stock?

    Learn how a buy limit order is used by an investor who wants to buy a stock at a certain price, and understand how limit ... Read Answer >>
  5. What is the difference between a stop and a market order?

    Learn about market orders and stop orders, how they are used and executed, and the main difference between stop orders and ... Read Answer >>
  6. What is the difference between a buy limit and a sell stop order?

    Understand the differences between the two order types, a buy limit order and a sell stop order, and the purposes each one ... Read Answer >>
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center