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Stopped Order
(redirected from Stopped Orders)

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Stopped Order
On the New York Stock Exchange, an order by a specialist on the trading floor that stops the execution of a trade because the specialist believes that a better price will become available. When this occurs, the specialist must guarantee the market price at the time of the stopping of the order in case the better price does not materialize. Stopped orders are given by specialists actively involved in the market who are associated with an NYSE member firm. It should not be confused with a stop order.


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The Tulip fire (see News) has not stopped orders of rasher bacon leaving the main factory site.
NASD Regulation found that Troster Singer's traders directed the firm's institutional sales representatives (who were assigned to specific institutional customers, and acted as liaisons between the institutional customers and the traders) to delay trade reports, or to falsely document that certain trades were stopped orders.
 
 
 
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