UK Accounting Glossary
A bid on a Limit Order that is lower than the current price, or an ASK that is higher than the current price.
The order is held for later execution unless it is specifically identified as an All-Or-None Order (i.e. Fill Or Kill).
An Away-from-the-market (AFTM) order is a limit order where the buy limit order is lower or the sell limit order is higher than the current market price.
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This glossary post was last updated: 10th December 2019.