Posted in Finance, Accounting and Economics Terms, Total Reads: 147
Definition: Scale Order
A scale order is a combination of different number of limit orders and comprises of buy and sell options attached to it. Just like a limit order, a scale order can have the prices of the order increase or decrease depending upon the call which an individual takes on his order. If it is a buy scale order, the prices of the limit orders will fall and if it is a sell scale order the prices of the limit orders will rise.