Market Not Held Order

Market Not Held Order

Also a market order, but the investor is allowing the floor broker to use his own discretion as to the exact timing of the execution. If the floor broker expects a decline in price and he is holding a "market not held buy order", he (she) may wait to buy, figuring that a better price will soon be available. There is no guarantee that a "market not held order" will be filled.

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market not held order

See not held.

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Market Not Held Order

An order to a broker to buy or sell a security at a certain price or better. This gives the broker the discretion to execute it at any time. As a result, he/she is not held responsible for missing the desired price and executing at a worse price. A market not held order is not executed immediately, but rather when the broker believes it is the best time to do so.