on-floor order

(redirected from On Floor Order)

On-floor order

Used for listed equity securities. Security order originating with a member on the floor of an exchange when dealing with his or her own account, versus an upstairs order. Antithesis of off-floor order.

On-Floor Order

An order to buy or sell a security made by a member firm on the trading floor. On-floor orders may be made when an exchange has an open outcry system. Off-floor orders have priority over on-floor orders.

on-floor order

An order to trade a security that originates from an exchange member on the exchange floor. On-floor orders are subordinated to off-floor orders. Compare off-floor order.
Mentioned in ?