Non-Directed Order

(redirected from Non-Directed Orders)

Non-Directed Order

An order to a broker to buy or sell a security on the exchange of the broker's choice. A client has the ability to tell the broker his/her preferred exchange for the execution of orders. A non-directed order, however, leaves this to the broker's discretion, with the assumption that the broker will offer or bid the exchange at the best price.
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The DirectEX API provides an interface that localizes data and seamlessly routes directed and non-directed orders and executes trades globally.
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