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Quantitative Finance · Glossaire

Qu'est-ce que « Marketable limit order » ?

Definition 2.1 Microstructure and Execution · Chapitre 2 — Order Types and Their Uses

A marketable limit order is a limit order whose price reaches the best opposite quote when it arrives: a buy at or above the best ask, a sell at or below the best bid. It executes at once against the book, up to its limit price, and any remainder rests at that price.

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