BROWSE

Day-Around Order

What is 'Day-Around Order'

An order that cancels and replaces a previously submitted day order, producing a new request with an adjusted volume or price limit. The term is primarily used by traders in the general equities market. As with a day order, the day-around will expire by the end of the business day.

Explaining 'Day-Around Order'

A day-around order simplifies the cancellation and reorder process in trading by combining a cancel order form with a day order. For example, let's say that an investor submits a day order to purchase stock XYZ with a limit at $50. The investor hears some detrimental news surrounding company XYZ and wants to lower the limit on the day order. Instead of submitting a cancel order form and submitting another day order, the investor can simply submit a day-around order with a new limit price.


Further Reading


On the volatility and comovement of US financial markets around macroeconomic news announcements
www.jstor.org [PDF]
… of the Ljung-Box test of randomness for up to the fifth-order autocorrelation, asymptotically … Furthermore, it is not clear whether Action Economics has been using exactly the same survey … employ the algo mate the 1-day rate surprise from the 1-day around FOMC announcements …

Every minute counts in financial marketsEvery minute counts in financial markets
www.sciencedirect.com [PDF]
… of the Ljung-Box test of randomness for up to the fifth-order autocorrelation, asymptotically … Furthermore, it is not clear whether Action Economics has been using exactly the same survey … employ the algo mate the 1-day rate surprise from the 1-day around FOMC announcements …

Information asymmetry around earnings announcementsInformation asymmetry around earnings announcements
link.springer.com [PDF]
… of the Ljung-Box test of randomness for up to the fifth-order autocorrelation, asymptotically … Furthermore, it is not clear whether Action Economics has been using exactly the same survey … employ the algo mate the 1-day rate surprise from the 1-day around FOMC announcements …

How different is Japanese corporate finance? An investigation of the information content of new security issuesHow different is Japanese corporate finance? An investigation of the information content of new security issues
academic.oup.com [PDF]
… of the Ljung-Box test of randomness for up to the fifth-order autocorrelation, asymptotically … Furthermore, it is not clear whether Action Economics has been using exactly the same survey … employ the algo mate the 1-day rate surprise from the 1-day around FOMC announcements …

Sand in the wheels or spanner in the works? The Tobin tax and global financeSand in the wheels or spanner in the works? The Tobin tax and global finance
academic.oup.com [PDF]
… of the Ljung-Box test of randomness for up to the fifth-order autocorrelation, asymptotically … Furthermore, it is not clear whether Action Economics has been using exactly the same survey … employ the algo mate the 1-day rate surprise from the 1-day around FOMC announcements …

The long-term share price reaction to black economic empowerment announcements on the JSEThe long-term share price reaction to black economic empowerment announcements on the JSE
www.tandfonline.com [PDF]
… of the Ljung-Box test of randomness for up to the fifth-order autocorrelation, asymptotically … Furthermore, it is not clear whether Action Economics has been using exactly the same survey … employ the algo mate the 1-day rate surprise from the 1-day around FOMC announcements …

Abnormal returns to acquired firms by type of acquisition and method of paymentAbnormal returns to acquired firms by type of acquisition and method of payment
www.jstor.org [PDF]
… of the Ljung-Box test of randomness for up to the fifth-order autocorrelation, asymptotically … Furthermore, it is not clear whether Action Economics has been using exactly the same survey … employ the algo mate the 1-day rate surprise from the 1-day around FOMC announcements …

Limit Order, Market Order and Cancellation in Foreign Exchange Market: One Particular Day ExperienceLimit Order, Market Order and Cancellation in Foreign Exchange Market: One Particular Day Experience
naosite.lb.nagasaki-u.ac.jp [PDF]
… of the Ljung-Box test of randomness for up to the fifth-order autocorrelation, asymptotically … Furthermore, it is not clear whether Action Economics has been using exactly the same survey … employ the algo mate the 1-day rate surprise from the 1-day around FOMC announcements …

Conducting event studies on a small stock exchangeConducting event studies on a small stock exchange
www.tandfonline.com [PDF]
… of the Ljung-Box test of randomness for up to the fifth-order autocorrelation, asymptotically … Furthermore, it is not clear whether Action Economics has been using exactly the same survey … employ the algo mate the 1-day rate surprise from the 1-day around FOMC announcements …



Q&A About Day-Around Order


How does a day-around simplify trading?

A day-around simplifies cancellation and reorder process in trading by combining a cancel order form with a day order.

What does the term "day-around" mean?

The term "day-around" means that the order will expire by the end of the business day.

What is a day-around order?

A day-around order is an order that cancels and replaces a previously submitted day order, producing a new request with an adjusted volume or price limit.

How can you lower your limit on your original purchase?

You can lower your limit on your original purchase by submitting another day order.