Day Orders

Unless an investor specifies a time frame for the expiration of an order, orders to buy and sell a stock are “day orders,” meaning they are good only during that trading day.

To understand where and how an order you place with your broker is executed, you should read Trade Execution: What Every Investor Should Know. For more information on the different types of orders you can place when you buy or sell a stock, please read our investor bulletin “Trading Basics”.