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 classic literature ?
It is not unasked; he has known her all her life-- has ever shown a preference for her--has been kind to her and to all others in her presence--he has long anticipated her wishes, in trifles, and--and--in short, he has done just what he ought to do, to gain her love.
The amiable M'Kenrie, whose modesty as he afterwards assured us had been the only reason of his having so long concealed the violence of his affection for Janetta, on receiving this Billet flew on the wings of Love to Macdonald-Hall, and so powerfully pleaded his Attachment to her who inspired it, that after a few more private interveiws, Sophia and I experienced the satisfaction of seeing them depart for Gretna-Green, which they chose for the celebration of their Nuptials, in preference to any other place although it was at a considerable distance from Macdonald-Hall.
Henry Crawford had trifled with her feelings; but she had very long allowed and even sought his attentions, with a jealousy of her sister so reasonable as ought to have been their cure; and now that the conviction of his preference for Maria had been forced on her, she submitted to it without any alarm for Maria's situation, or any endeavour at rational tranquillity for herself.
Then I see that you eat my tourteau in preference, whilst I, in preference, eat your bacon.
Now in the generality of free states, the governors and the governed alternately change place; for an equality without any preference is what nature chooses; however, when one governs and another is governed, she endeavours that there should be a distinction between them in forms, expressions, and honours; according to what Amasis said of his laver.
Hence Fred talked by preference of what he considered indifferent news, and "a propos of that young Ladislaw" mentioned what he had heard at Lowick Parsonage.
He could not make me out when I criticised the style of Dickens; and when I praised Thackeray's style to the disadvantage of Dickens's he could only accuse me of a sort of aesthetic snobbishness in my preference.
In shaping my future course I am now resolved to act on my own convictions--in preference to taking the well-meant advice of such friends as are still left to me.
Now, as both of these gentlemen were industrious in taking every opportunity of recommending themselves to the widow, they apprehended one certain method was, by giving her son the constant preference to the other lad; and as they conceived the kindness and affection which Mr Allworthy showed the latter, must be highly disagreeable to her, they doubted not but the laying hold on all occasions to degrade and vilify him, would be highly pleasing to her; who, as she hated the boy, must love all those who did him any hurt.
Sir Giles Wapshot's family were insulted that one of the Wapshot girls had not the preference in the marriage, and the remaining baronets of the county were indignant at their comrade's misalliance.
Therefore,' said Mr Merdle, 'I can only give you a preference to a certain extent.
If, in the maiden days of the Dodson sisters, their Bibles opened more easily at some parts than others, it was because of dried tulip-petals, which had been distributed quite impartially, without preference for the historical, devotional, or doctrinal.