time-of-day order

Definition of "time-of-day order"
  1. An instruction for a specific financial transaction to be carried out at a designated minute during a trading session
How to use "time-of-day order" in a sentence
  1. He placed a time-of-day order to buy 200 shares at 2 p.m.
  2. The broker executed the time-of-day order to sell stocks at the given time.
  3. She used a time-of-day order to ensure her transaction occurred at the peak market time.
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