What is a stock exchange order?

This is an order to buy or sell a security that is listed on multiple exchanges. The order can be executed on different exchanges, depending on where the best price or liquidity is currently available. This order type is useful for securities that have a cross-listing or dual listing, meaning they can be traded on multiple exchanges at the same time. By using an all-exchange order, an investor can take advantage of price differences between exchanges or get the best price and execution, regardless of which exchange the trade takes place on. This order type is particularly relevant in markets with international stocks or securities listed in multiple locations. Understanding how an all-stock order works can help investors trade more effectively in a global market context, considering multiple exchanges at the same time.