Bracket Order - futures io
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Bracket Order


Quoting 
Bracket orders are designed to help limit your loss and lock in a profit by "bracketing" an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. A SELL order is bracketed by a high-side buy stop order and a low side buy limit order. The order quantity for the high and low side bracket orders matches the original order quantity.

Source: https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Forders%2Fbracket.php

Bracket Orders are often structured as a 'One Cancels the Other' order - see OCO

See also: https://www.davemanuel.com/investor-dictionary/bracket-order/
https://us.etrade.com/pagenotfound.html
https://www.investopedia.com/terms/b/bracketedsellorder.asp


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