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Trailing Limit if Touched

Trading Term

A Trailing Limit if Touched (TRAIL LIT) order is similar to a trailing stop limit order, except that in a Trailing Limit if Touched order, a sell order sets the initial stop price at a fixed amount above the market price instead of below. This order is held in the system until the trigger price is touched, and is then submitted as a limit order. For more information, see the Trailing Limit if Touched Orders page.

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