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CFA Level 2
Equity Investments

Order Types and Market Impact

Medium Equity Market Structure Order Types And Instructions

A trader is looking to buy shares of a company and wants to minimize the market impact of their order. They are considering using different types of orders available in the equity market. Understanding the nuances of order types is crucial for executing trades effectively.

Which of the following order types would best meet the trader's goal of minimizing market impact while ensuring the transaction is executed?

Hint

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