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discretionary order

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Discretionary Order
An order giving a broker the ability to decide when to buy/sell securities at the best possible price for the customer. Some discretionary orders place restrictive terms to limit the amount of discretion the broker has.

Notes:
When placing a discretion order, the investor is giving limited discretion to the broker and allowing for the timing of buying/selling to be decided by the trader.

Discretionary order
A type of buy order or sell order that gives the broker the freedom and power to make the execution at any time and price that is seen fit and reasonable, given the investor's goals.
discretionary order
A customer order to a broker giving the broker discretion in the buying and selling of securities. Depending on the customer's instructions, the amount of discretion may vary from very limited (that is, price only) to nearly complete.
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? Mentioned in ? References in periodicals archive
 
Advanced Order Types: Instinet Trading Portal allows traders to employ advanced order types such as market pegging, reserve size orders, hidden orders, auction orders and discretionary orders in all major North American, European and Asian markets, where applicable.
Instinet(R) Adds List Trading Capabilities to Instinet Trading ... by Business Wire
Advanced Order Types: Portal allows traders to employ advanced order types such as market pegging, reserve size orders, hidden orders, auction orders and discretionary orders in all major North American, European and Asian markets where applicable.
Instinet Adds International Market Access to Instinet Trading ... by Business Wire
TSX VENTURE:TTL), is pleased to announce that it has been designated a reporting issuer in the Province of Ontario, pursuant to a discretionary order of the Ontario Securities Commission.
TigerTel Communications Inc.: Press Release by Business Wire
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