Market-if-Touched (MIT) Order

What is Market-if-Touched (MIT) Order?

Market-if-Touched (MIT) Order meaning An order that becomes a market order when a particular price is reached. A sell MIT is placed above the market; a buy MIT is placed below the market. Also referred to as a board order. Compare to Stop Order.

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary