A Pegging Other Symbol order is a type of advanced order strategy used in stock trading where the price of the order is designed to ""peg"" off another symbol’s market price.
For instance, suppose you're trading a stock that tends to move in correlation with another stock. You can use a pegged-to-order to attempt to capitalize on this relationship. Please note that this order type is designed to automatically execute a trade when a specific condition is met concerning a pegged stock or symbol. Once the pegged symbol reaches the identified price, the system will automatically trigger a limit or market order for your selected stock.
The Information presented above is for education purposes only, which shall not be intended as and does not constitute an offer to sell or solicitation for an offer to buy any securities or financial instrument or any advice or recommendation with respect to such securities or other financial instruments or investments. When deciding about your investments, you should seek the advice of a professional financial adviser and carefully consider whether such investments are suitable for you in light of your own experience, financial position, and investment objectives.
In no event shall Sahm Capital Financial Company be liable for any damages, losses or liabilities including without limitation, direct or indirect, special, incidental, consequential damages, losses, or liabilities, in connection with your reliance on or use or inability to use the information presented above, even if you advise us of the possibility of such damages, losses or expenses.
