A market if touched (MIT) order is something you give to your broker if you want to buy (or sell) stocks or securities at a certain price. If the price reaches (or touches) a specific number, the broker can go ahead and buy (or sell) at that market price.
It's kind of like a limit order, but if you have, say, 100,000 shares of whatever.com and your MIT number is $22.00 and the stock traded lots of shares in the mid-$21 range...but then spiked, and 1,000 shares traded at $22.00...then that's not enough value to clear you out of the 100,000 shares you wanted to sell. So that 1,000 share volume is kind of a goosing to the broker to then go out and "market," or make a few phone calls into the brokerage that sponsored whoever was buying at $22.00.
Kinda like the virtual brokerage version of, "Yeah, go get me some more o' dat."
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Finance: What is an All or None Order?71 Views
finance a la shmoop what is an all-or-none order oh you'd think that
spoiled brats only live on playgrounds of participation trophy cities hmm but [Boys holding participation trophies]
that is oh so sadly not true they roam the wild hallways of Wall Street
investment firms in droves and all-or-none order means that a buyer or
seller of stock either wants all of their shares bought or sold or none of
them and yes this applies to bonds preferred stocks and other random [Man discussing stocks and bonds]
hybrids as well.....A buyer has a portfolio of 500 million dollars in small cap
growth stocks generally speaking she's told her clients that she won't take
less than a 2% position in anything because she wants to be able to focus on
a core group of stocks and really be on top of any big movements hoping to sell [Stocks in a sack land on a table]
the shares before well, any huge problems holding so in this case she's
found a company she loves an appropriately named coal company for [Woman looking through binoculars in her car]
spoiled investors called mine mine mine the only problem is that the stock is
thinly traded that is not a ton of shares trade every day and she needs to
own either ten million dollars worth of stock which would be a two percent
position or she doesn't want to own any the stock at the moment is trading at
ten dollars and seven cents a share and she wants it at ten bucks or better...
well at ten dollars and one penny she has no interest whatsoever in that stock [Stock graph for mine mine mine company]
at 10.00 she's a buyer so that is her limit order but on this all-or-none
order she waits and waits and waits knowing that sometimes all-or-none [Woman looking at laptop waiting for the stocks]
orders simply never get filled other times they get filled scarily too fast
like the seller knew something the buyer did not but along comes a bad market day
the White House says something stupid what are the odds? and the market tanks for
an hour and blam she is the proud new owner of a million shares of mine mine
mine good for her those shares are now all hers hers hers [Pigeon poops on mans head]
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An unsolicited order is an order to buy or sell a security demanded by the client.