Box-Top Order


DEFINITION of 'Box-Top Order'

A buy or sell order made at the best market price. If the order cannot be completely filled, a limit order is placed for the remaining shares at the price at which the filled portion was executed.


For example, if a trader entered a box-top order to buy 1,000 shares at the current market price of $50, and only half of the shares are traded at that price, then a buy limit order is placed for the other 500 shares. If at any point during the life of the order the price returns to $50, the limit order kicks in and the remaining shares will be traded at $50.

  1. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  2. All Or None - AON

    A condition used on a buy or sell order to instruct the broker ...
  3. Market Order

    An order that an investor makes through a broker or brokerage ...
  4. Stop Order

    An order to buy or sell a security when its price surpasses a ...
  5. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
  6. At The Lowest Possible Price

    A type of security trading designation that instructs a brokerage ...
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  1. How do I place an order to buy or sell shares?

    It is easy to get started buying and selling stocks, especially with the advancements in online trading since the turn of ... Read Full Answer >>
  2. How do I set a strike price in foreign exchange trading?

    In trading with a foreign exchange, a trader can set a strike price for a currency pair by entering a limit order or a stop ... Read Full Answer >>
  3. How do I place a buy limit order if I want to buy a stock during an initial public ...

    During an initial public offering, or IPO, a trader may place a buy limit order by choosing "Buy" and "Limit" in the order ... Read Full Answer >>
  4. Are stop orders only used for stocks?

    Stop orders can be used for a variety of securities and are not limited to stocks. They can be extended to other securities, ... Read Full Answer >>
  5. Should I enter a limit order to buy a position with a bid and ask that are far apart?

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