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Principal Order

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Principal Order
An order made by a brokerage on its own account, as opposed to a client's. Principal orders must be registered as such on the exchange where they are made to protect investors from abuse or possible insider trading. In a principal order, the broker acts as a dealer because it seeks to trade on its own account. See also: Principal Trade.


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Customer priority: Orders in ANTE are executed by price priority, with customer orders having priority over all orders, while specialists, market makers and off-floor principal orders are on parity and allocated using the specialist allocation ratio.
Or, to put it another way, it is an era of hubristic optimism, at a time of profound melancholy, in a part of America where the principal order of business is to sucker or be suckered.
The principal order, placed by an electric utility customer in the Mid-Atlantic region, covers the supply and installation of NOxOUT([R]) Selective Non-Catalytic Reduction (SNCR) systems on three units at a single power generation site.
 
 
 
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