Trade, or order
Definition
In financial markets, a trade is buying or selling securities, commodities, or derivatives. On a share market like the NYSE or Nasdaq, a trade is when an investor sells shares to another investor. With Hatch, you can place four types of orders:
- Market order - Buying and selling shares in real-time (or when the markets next open)
- Auto-invest - A market order will be placed on your behalf at the frequency you choose, such as ‘the 21st of every month’ or every fortnight, month, quarter, etc
- Limit order - Enter the exact number of shares and price wanted to buy or sell shares; if the share price isn't reached, the order will not be completed
- Stop-loss orders and stop-buy orders - Instructions to sell shares if they drop in value to a certain price, called the stop price
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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