Used for listed equity securities. Market limited price order to buy/sell a specified percentage (usually 50%) of shares traded (sometimes after a fixed number of shares of the stock have already traded). See: participating buyer/seller, "Participate but do not initiate."
Nearby TermsPercent to double Percentage financial statement Percentage order Percentage premium Perfect capital market
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University