Write out


Also found in: Dictionary, Thesaurus, Legal, Idioms, Encyclopedia, Wikipedia.
Related to Write out: write off, write up

Write out

The procedure used when a specialist makes a trade involving his own inventory, on one hand, and a floor broker's order, on the other. The broker must first complete the trade with the specialist, who then transacts a separate trade with the customer.

Write Out

A situation in which a specialist on the floor of an exchange fills an order using his/her own store of inventory with the expectation that the customer will pay him/her back. For example, if a specialist receives an order to sell 1,000 shares of Security A, he/she may sell 1,000 of his/her own shares in Security A, with the expectation that the customer will then sell the specialist the 1,000 shares he/she wished to sell at the agreed-upon price.