How Your Order is Executed

Conditional Order Execution

Conditional orders allow you to place an order that will only enter the market if your specified condition is met. For example, you could set an order to buy 100 shares of XYZ when it reaches its 52-week low. Our systems monitor XYZ's prices for you, and when/if your condition is met, then your order is placed. Consistent with how other order types are executed, we only monitor a symbol after the opening print on that symbol's primary exchange, and orders are triggered off the NBBO.

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The information and content provided in the Scottrade® Knowledge Center is for informational and/or educational purposes only. The information presented or discussed is not, and should not be considered, a recommendation or an offer of, or solicitation of an offer by, Scottrade or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy. You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives. Scottrade, Inc. and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.