Control Center » Order Entry » Limit Order Book » Limit Order Entry » Order Matching » Home

If, after you entered your order in the Order Entry Screen, you had clicked the Limit Order button, the Limit Order Entry screen would pop up. Here you can specify how much money you are willing to pay, or how much you would like to receive when your order is executed. We know you'd like to receive a bazillion dollars but first, bazillion is not a number and second, the market would have to make a pretty big move to make it happen.

The upper right portion of the screen tells you that in the current market, the pros are trying to Receive $20,600 (the barter Bid price) to trade your order, whereas you would have to Receive only $20,500 (the barter Ask price) to do so immediately by taking out the CSCO offer and hitting the INTC bid.

Of course, if you're willing to be patient, you could try receiving more, say $21,000. (If you want, you can use the Dollar Limit Calculator to transform share prices into an overall pay/receive limit, or you can set Conditions on where the individual stock prices must be when your offer trades.)

Now, if your barter order is going to trade, do you need someone else to coincidentally enter the opposite order from yours? No. In fact, your order can trade so many different ways its not even funny...

« exit tour « back continue »