Preference

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Preference

Refers to over-the-counter trading. Selection of a dealer to handle a trade despite the dealer's market not being the best available. Often the "preferenced dealer" will then move his market in line.

Preference

The practice of executing trades and other transactions by means other than the open market. For example, if one needs roofing repairs on one's house, one may select one's brother's roofing business even if it is more expensive. In securities, preference often occurs in over-the-counter trades, especially within a brokerage. Preference can, but does not always, lead to economic inefficiency.

preference

The practice of matching customers' buy and sell orders away from the primary exchange. Preferencing is opposed by the New York Stock Exchange because it claims the practice unfairly benefits brokerage firms and doesn't give customer orders the chance to see other customer orders in a public market. Compare in-house trade.
References in periodicals archive ?
BHX have not attracted anyone from the Far East and even Middle East airlines like Qatar and award-winning Etihad Airways perfer Heathrow and Manchester over Birmingham.
P&L Statement figures through the first 11 months of 2007, Seller would perfer to include real estate but if buyer just wants to buy business $ 350K.
Generally, those S&E who did well under their previous appraisal systems have not welcomed the changes, while many others perfer the newer approaches.